The money rush fleeing from Cyprus before the official ban became active, seems to have been much worse than previous TARGET analysis seem to have indicated, and seems to have continued after the implementation of the ban. The cash loss escaping now seems to increase massively the overall damage by messing up the original "rescue"
calculations. Also worrying: the massive migration of capital despite the official ban seems to have been assisted not only by the accused banks, but by massive assistance from officials inside the central bank as well.
And here the old familiar friend of the Mediterranean way of life raises its ugly head again: say Welcome back! to Mrs. Bakshish and Mr. Corruption.
Blame it on the Gemans as usual. After all it were the Germans rejecting the governments plan to let the small people pay for the rich ones and consume savings below 100,000. And when the government next wanted to destroy the pension funds to use them for bailing out rich Russians, again it were the Germans saying No to that. Damn Teutonic party poopers! Cyprus could sink so beautifully in the waves if these arrogant Nazis would not always interfere. Save Europe from the Germanic storm!