cyprus---the latest, page-14

"07.22 The all-night talks were fraught with tension. The FT reports that Cypriot president Nicos Anastasiades would not budge on protecting large depositors in Bank of Cyprus and Laiki Bank until the last minute, and threatened to exit the euro."

At http://www.telegraph.co.uk/finance/debt-crisis-live/9951727/Cyprus-bailout-live.html

My comment:

I reckon Cypriot president Nicos Anastasiades has made a very big blunder - both morally and personally.

He should not have caved in to pressure and should have absolutely insisted on protecting all depositors.