Quote:
Originally Posted by Damien
They'll probably need another bailout. I don't think Cyprus' banking system was viable long term anyway. As long as the system dwarfed the rest of the country they were always going to be a hostage to fortune.
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Which brings us back to a point i raised earlier ,why was it allowed to continue knowing that banks had failed elsewhere in the world for the same reasons .Red flags should have smacking the EU leaders in the face but appear to have been ignored and now ,as you say ,the only way out is to raid accounts for money that isn't really there