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    It strikes me this was the price the citizens of Cyprus have had to pay for their government failing to manage their economy and needing to seek a bailout from somewhere. Given those self same savers will have benefited from the free spending of their government this appears to be a claw back of that benefit.

    I personally do not think this is fair but I also do not think that this is the fault of the EU as they need to look at the broader picture and protect the interests of all the taxpayers across the EU.

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