Congratulations, you just saved YOUR money, you just lost YOUR state. Could you please explain me why you’re waiving the flags of the country, which you’re not ready to rescue? You’re shouting Freedom and Democracy, well, unless you have some clever ideas where to get 16 bln Euros, you just lost your freedom. And regarding Democracy, you know in Germany we also have democracy and the next elections are coming. Now I’m not aware of any German politician who will have the balls to explain the German taxpayers why they should show solidarity with Cyprus and rescue it with our tax-money, if the population of Cyprus is not patriotic enough to spend less than 1/3 of the required sum to rescue their own country. Well maybe Claudia Roth, but she always had heart for losers.
So what is your plan B? Where do you want to get 16 bln Euros from? I can suggest you some variants. There are rumours that there are some undersea gas fields. You could sell all exploration rights to Gazprom. The Russians are usually not very good at trading, but in this case even the dumbest East-Siberian will deal a huge discount, because Gazprom has time, which you don’t have. So you will basically sell your future. Also since Assads Syria has some trouble and Russians are searching for a new military base in Mediterranean Sea, you’re a hot candidate, so be prepared for atomic Russian submarines in your ports. Maybe it is better to leave Euro and introduce rouble? Another variant is that finally Cyprus gets united again, but become part of Turkey. For some time they are quite keen on rebuilding the Ottoman Empire, you will become the first part, you want that?
You could be clever and show that you have balls. Let the rich Russians pay 9,9% for Cyprus and get away with 6,9%, maybe even less for people with small income, this suggestion was on the table. But false pride and plain stupidness let you now show balls to the whole EU and pay much higher price in very near future. But well it is your decision, you’re a democratic country, so you will get what you’ve voted for.