Lexur - 7:38 am on Mar 31, 2013 (gmt 0)
...The problem with socialism...
In Cyprus, the problem comes from free capitalism. Banks took money at rates they can't paid.
The interesting side of the situation is that here, in Europe, we have a curious mix of capitalism and comunism: when bankers make tons of cash we all are a stupid comunist seeking other's money; when a bank crashes, then we all become taxpayer who must pay a bit more to solve structural troubles of the financial system.
It's a win-win system... for bankers.