"What was
astonishing is that, while the peoples of Europe are sick and tired of the
gross inequities and regressivity of austerity-fuelled bailouts, they did not
set a threshold below which poorer depositors would be untouched. And that they
left unaffected the banks’ bondholders (even though the sums involved in these
bonds were small, it was utterly unprincipled to spare them). I have no doubt
that this decision will haunt them/us for decades."
http://yanisvaroufakis.eu/ 2013/03/17/cyprus-stability- levy-another-sad-euphemism/
http://yanisvaroufakis.eu/