The post you are reporting:
The German Finance minister, Wolfgang Schaeuble, apparently had pushed for a 40% bank-savings confiscation in Cyprus, and word is going round that he wants some countries, including Cyprus, to quit the euro.
The Cypriot government is now considering readjusting the confiscation, with up to 100,000 euro in savings losing 3%, and above 100,000 euro losing 12.5%.
This may be turning into a tax-the-rich procedure, where the rich are those with at least 100,000 euro in saved cash assets.
All eyes are now on Spain, where problems stemming mainly from Bankia, a consortium of Spanish banks, have required a massive 100 billion euro bailout. This money needs to be paid back, adding to Spain's enormous public debt and the regional debts.
It's likely the EU started with Cyprus, which is a smaller country, with a smaller economy, and a smaller population, to test the reactions of the public, before proceeding to larger eurozone economies.