
AP Photo
From Homer to H.G. Wells, islands have been depicted in European literature as sun-kissed havens of sorcery, places where the natural order is inverted to terrible effect. For eurozone leaders, Cyprus is the real deal. In a sense they have only themselves to blame. They should never have put their names last Saturday to the legalised robbery of insured small savers that masqueraded as a contribution to the financial rescue of Cyprus. Then again, Nicos Anastasiades, Cyprus’s ostensibly pro-European president, should never have insisted on lightening the burden on millionaire foreign depositors – mostly Russians.
TAGGED: Eurozone,
Cyprus