Monday 11 December 2017

James Downey: No good solutions to Cyprus, only a choice between bad and worse

James Downey

James Downey

After all, who cares about the Cypriots? There are only a handful of them. They themselves dreamed up the mad scheme to tax small savers' bank deposits. They invited the Russians to invest in their banks, and everybody knows how dodgy Russian money is.

So we need not get excited if, over the weekend, they save themselves by accepting whatever conditions their European "partners" impose on them or, to the contrary, defy Brussels and Frankfurt and leave the eurozone and perhaps the EU itself?

Wrong. There is plenty to get excited about.

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