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How Europe stumbled into scheme to punish Cyprus savers
Just three weeks after being elected president of Cyprus, Nicos Anastasiades traveled to Brussels for his European debut last Thursday. His fellow leaders were all friendly enough. Hours before he was due to attend his first European summit, he met Germany's Chancellor Angela Merkel and other new colleagues at a cocktail reception. At the meeting for center-right politicians in a swanky hall opposite the Belgian king's palace, Merkel congratulated him on his election victory. According to one person who attended, Anastasiades asked his new friends to make sure any bailout for Cyprus was fair. Less than 48-hours ... (full story)
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