More on CYPRUS BAILOUT

Cyprus A rescue plan that will kill us Cyprus Mail The EU and IMF have agreed a €10bn bailout of Cypriot banks, but the price to provide rescue funds is a tax on all deposits. This condition has stunned the tiny Mediterranean nation, with the Cyprus Mail accusing the new President and other member states of betraying the island.

‘Blackmail has replaced solidarity’ Financial Times, Público, Trouw & 4 autres By imposing a tax on bank deposits in exchange for a €10bn bailout package, the eurozone leaders have, at best, set “a dangerous precedent”, and, at worst dabbled in “blackmail,” writes the European press.

Eurozone crisis Byzantine lessons for Europe The Guardian From managing a single currency, to ending a recession and negotiating political and fiscal unions among a multi-lingual, multi-ethnic commonwealth, Byzantium’s leaders handled the lot. The EU’s politicians could learn much from their ancient forebears, argues a UK historian. source: Presseurop