wouldn't quite go that far yet - just reading up on the similarities of Cyprus to Iceland : if they had followed Iceland's model they could have done without EU help
Iceland simply didn't see why the state should guarantee foreign deposits and did what Cyprus did: use the money to make the banks pay their own debts
Straight forward and easy and should be done across the board - then let private investors sue the banks, appears to be more effective than any state control and takes care of "laundered" money.
Investors would take alternative investments more seriously and or invest in "sound" banks
BDR Price at posting:
93.0¢ Sentiment: Hold Disclosure: Held
