The rest is comprised of many Muslims and other out-of-towners who took advantage of European policies to make money on real estate. I don't see much of a problem with this action.
I find that Daily Ticker hyper-ventilates often. They make mountains of molehills more often than not.
Why the Cyprus Bail In Is a Bigger Deal Than You Think
http://finance.yahoo.com/blogs/daily-ticker/why-cyprus-bail-bigger-deal-think-141844378.html