Theft.

Students hold placards, including one that reads in Greek "we don't sell out "during a parade for Greek independence day at the southern port city of Limassol, Cyprus. Photo: AP

The brinkmanship that has been on display over the Cypriot financial crisis makes obvious to all but the wilfully blind the level of political determination in Brussels to save the euro at all costs. No amount of empirical economic evidence - or misery for ordinary people - matters when the dreams of the continent's elite are threatened.
After the French and Dutch rejected the European Constitution in 2005, the then European Commissioner for Communications, Margot Wallstrom, put it perfectly. She and the other EU cheerleaders had invested "a lot of energy and political capital" in the project, she declared, and they were not going to give up on it. No matter what the people said, no matter what the economic realities were.
Five years later, this delusion in the face of brute reality has reached its apogee in Cyprus.


Read more: http://www.smh.com.au/world/wholesale-theft--in-the-name-of-saving-the-euro-20130326-2gr7a.html#ixzz2P13zNU1B