The debacle in Cyprus would more accurately be called a "Bail in".
http://www.telegraph.co.uk/finance/financialcrisis/9937343/Cyprus-bailout-deal-to-tax-savers-wins-support-in-Germany.html
What are the Cypriot government thinking of? Do they want to start a run? That's what will happen and I'm absolutely convinced that they know the likely outcome.
I'm too tired to comment more on this, lets just say, keep close to what is dear to you.
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