Europe has stabbed Cyprus in the back. All us Cypriots can do is grit our teeth, and hope Russia offers a way out
Cyprus has blinked at passing an extraordinary tax on depositors, even if the consequences could mean it exiting the euro and financial chaos. At a vote on Tuesday, the Cypriot parliament threw out the controversial plan to skim 5.8bn (£5bn) from savers' bank accounts, leading to more euro instability.