Cyprus’ Stability Levy: Another sad euphemism

"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/