By Alexander Apostolides on July 24, 2012

They can not be serious! 13 Bn. is crazy;

They can not be serious! 13Bn is crazy It seems that the amount of the Cyprus bailout is nearing a final amount of 13 bn. That is crazy, comming out 16,185.3 per man, woman and child in Cyprus. We can never pay that - if our needs are that high ( i doubt it) we need to default now and learn from Greece- at least renegotiate. With debt to GDP of 160% we need not to wait and realise it unpayable latter, increasing uncertainty. A haircut is not an option either-pensions would be blasted. can we borrow less for stupid banks

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