Euro may be doomed whether Cyprus stays or goes

Euro may be doomed whether Cyprus stays or goes - Darrell Delamaide's Political Capital - MarketWatch:
"It is impossible to imagine that politicians in Germany, for instance, would dare to confiscate nearly 7% of the savings of their own citizens for any reason.
But they were willing to do it to Cypriots.
“What we are witnessing is the slow death of the European Project,” Anthanasios Orphanides, the former head of Cyprus’s central bank, said in an interview with Bloomberg TV this week.
“We are in a situation that some European governments are essentially taking actions that are telling citizens of other member states that they are not equal under the law.”