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Government, banks and EU taste Cypriot wrath

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Government, banks and EU taste Cypriot wrath


Anger in Cyprus is on the rise, despite a deal being reached on a bailout package for the island. As measures come into force to prevent funds leaving the country the government, the banks and the European Union have become hate figures.
Many Cypriots are suspicious that their country has become a financial experiment in anticipation of future eurozone bailouts:
A man protesting outside the presidential palace told euronews:

“They have forced us to take these austerity measures and the people have done nothing wrong. The banks, the banks should pay, not the people.”

The Cypriot economy is expected to shrink between five and 10 per cent this year.

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