Quote:
Originally Posted by Damien
But you wanted them to take on more debt.  This whole bank levy was so that Cyprus contributed to bailing out their banks and therefore reduced the amount of extra debt they'll take on. |
Many people feel aggrieved that the government put the Cypriots in the position of needing such a bail out in the first place .They will also feel aggrieved that Cyprus has been the only country to have their accounts raided .The EU could have given Cyprus the full amount and imposed stricter and longer austerity measures ,even put one of their own in power as they did with Greece(i think it was Greece) Demanding that joe public stump up their savings to bail out incompetent bankers is a not on ,no matter how it is dressed up .