It is a sad day for the European Union when their Bankers cannot see a bigger picture as Investors.In such a weakened state, bullied only because "they" are small, will cooler heads prevail on the political front when Europe soon must face the real Cyprus Problem (and Turkey)? Like the banks (for a few Euros), will she allow the island to be torn in two because it is easy?
Cyprus is very special. Geographically it represent the cross-road for three continents, (except as a backwater under 350 years of Ottoman occupation) and it has done so for thousands of years. Taken in context, the 'confidence' issue is a sham because it was only under their own efforts, once Independence was established in 1960, that a network of asphalt roads island-wide was built, as well as a drinking water infrastructure. Never mind the coup in '74 which failed because the "Greeks" of Cyprus did not support it, and never mind the 'Peace Operation', so intricately entwined with it, which left 1/3 of the population homeless in less than two weeks, (the forgotten example of 'cleansing' before Bosnia), by the Turkish Army which occupies illegally more than 50% of its coastline, and its most productive land, still. Cypriots, are heroic in their efforts so far, and they have demonstrated their resolve to defend Universal Principals based on the Rule of Law, with ingenuity and resolve.
...solidarity, as Human Beings, that's what Europe won a Nobel Prize for.
With such a poor result on this issue, I feel more worried for the rest of us, not the Cypriots that so well somehow, have endured heavily their price for Freedom.