David4 Wrote:
Apr 03, 2013 9:42 PM
Clarify some points. Cyprus entered the EU on Greek blackmail. Greece intended to block the entrance of other candidate states unless Cyprus was admitted too. What happened to Cyprus could be described as an ultimatum: submit or your banks will no longer get ECB support, taken to mean the banks failing, etc.. The leaders of Cyprus did have sovereign choice, and they chose to submit.