Yea indeedy, you pays your money and you make your choices, but it needn't be all bad...
" SIR - The Bank of England cut interest rates to 0.5 per cent four years ago. If you had decided to invest your 100,000 euros in Cyprus back then at 11 per cent interest that would now be worth 151,800 euros. A 30 per cent haircut on your investment would leave you with 106,260 euros.
Alternatively, if you had left your money in Britain you might have had an interest rate of 2 per cent (that would be 1.6 per cent after tax) so your 100,000 euros would now be worth 106,555 euros.
So "dodgy" Cyprus bank or "safe" British bank - not much to choose between them for my money.
Tim Bochenski
Bramhall, Cheshire "
http://www.telegraph.co.uk/comment/letters/9955689/Cyprus-crisis-will-hasten-economic-decline-in-other-eurozone-countries.html