> And it isn't fair that if everything goes well you keep the interests, if it goes bad someone else pays for the risk.
If you sincerely think that Cyprus doesn't set a precedent putting everyone in the Eurozone at stake you're wrong. My issue isn't that Cyprus should or shouldn't receive a bailout, it's the undemocratic way the Troika have gone about it and the punitive requirements foisted on them for a bailout when they knew full well that Cyprus didn't have the money.
I'm bookmarking this in the hope that Italy never gets screwed over the same way.
Not undemocratic at all, because Cyprus has had the democratic option not to accept EU/IMF bailout money (which is being withdrawn from others bank accounts, typically others, who receive much lower interest rates on their savings than Cypriots did in the past, and who's government finances have been eroded by the dodgy money laundering that was Cyprus' main business model). The parliament of Cyprus has democratically decided to accept that money. Nothing undemocratic about it.
If you sincerely think that Cyprus doesn't set a precedent putting everyone in the Eurozone at stake you're wrong. My issue isn't that Cyprus should or shouldn't receive a bailout, it's the undemocratic way the Troika have gone about it and the punitive requirements foisted on them for a bailout when they knew full well that Cyprus didn't have the money.
I'm bookmarking this in the hope that Italy never gets screwed over the same way.