Cyprus is in Asia, but eeeew Eu took it in and now wants to “fix” it, by milking Russian commie capitalists.
Commies used to do “adjustments” to people's savings by having “corrections” of exchanging people's money, say first 1000 at 1:5 and over 1000 at 1:50. That will teach “greedy” people to hoard the money.
0bama is good student and agent of commiesarrriat and itching to implement the equalization “reforms” in greedy Amerika.
reading the comments in some of the articles linked in Drudge is fascinating!
Some Germans are all self righteous about how Russian “black money” should be up for grabs anyway and not “protected” by Germans (Hey Hans, wait until you get your next natural gas bill from Russia, Yippy Ki Yay)
Other euros are sarcastic that depositors like retired expat Brits are upset- after all they moved their life savings (what they saved after already being taxed) to a Cyprus bank that pays 6% interest - and now get upset when their savings account is zapped... doesn’t such greed deserve a haircut
other EEE-UUU’s are saying well, Cyprus is just a tiny little bank shithole anyway, could never happen in Spain, Italy etc..... apparently some members of the European “UNION” are more equal or protected than others