‘Cyprus should leave the Eurozone.’

British MEP Daniel Hannan on Cyprus. Start watching at 1:30.

“Who’s next? Now that we’ve set this precedent where governments can come after your bank accounts, what country in the Eurozone is safe. If I were in Spain, Greece or even Italy I would be thinking about moving my money. As Mervyn King said, it’s irrational to start a bank run, but it’s perfectly rational to join one once it’s started.”


Cyprus Bailout Timeline