Always think never believe
Fast-forward to March 1st, when Cyprus's newest FinMin, Michalis Sarris, had this to say to
waiting reporters after his party's win in the general election:
(WSJ): "There is nothing more foolish than talking about a deposits haircut," Mr. Sarris
told journalists. "The important thing is to come to an agreement as soon as possible."
Exactly two weeks later, depositors were shut out of banks and left helpless as the new
government, at the behest of the EU, stole their savings.
By Grant Williams
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