Cypriots Correct to Reject the Bank Raids

The raid by the EU lenders on Cypriot bank accounts under €100,000 was
a reckless action which the Nicosia parliament was correct in
rejecting. EU officials who supported that solution should resign. No
chance! Last weeks report approval of the deal by the Irish government
was simply stupid and reckless. There is no reason to think that bank
raids on life savings and ordinary deposits by governments could not
figure elsewhere. Making claims that this wont happen just further
undermine the credibility of politicians here and elsewhere.