"Not too hard to figure out."
Way too hard for me. I actually thought they would do just what they did, steal 38 Billion dollars from depositors, close at least one of the two large banks, fire all the workers, cancel all their retirement accounts and pensions, restrict all electric transactions, put on heavy currency restrictions on everyone, force all small depositors to keep money in the bank forever with automatic renewal of all time deposits.
What I did not expect was that lemmings in Ireland, Italy, Spain, Portugal, and most EU countries would leave their money at risk in their respective banks. This "band-aid" or "cure" is much worse than allowing Cyprus to go bankrupt and leave the Euro. Sort of like the auto bail out in the USA. I guess the masses are just to ignorant to see the risks to them in their countries.
Maybe it will take a few days for them to understand what actually happened. The economy of Cyprus has been totally destroyed at the whim of the EU and they lost sovereign control of events. No due process, no bankruptcy judge deciding who gets what. I can't believe that even those with a little education are not totally appalled! Watch the reaction from the governments of UK and Russia. This was no "band aid" help for Cyprus, but rather a plain and simple bank robbery by a foreign entity. Wars have been fought for less.
