Thing that gets me here is no one is talking about risk/interest rates. Banks pay low rates due to security, and low risks. Risk almost did not exist. Now throw 9.9% risk (and how often?)... what do interest rates have to be to cover that. The banks can not afford it.
Switzerland here comes the money. Until Switzerland creates a fear of risk.
Cypriot banks were paying out 7% on deposits.
That screams risk.