Sueddeutsche tells us that the vote on the bail out has been moved to Monday. It is not clear if there is a majority for the plan to just
So they made this deeply damaging decision and on the next day they don't even know if they can find enough votes for the law? We now possibly have a situation where the deposit protection scheme in the EU might be wrecked beyond repair, a bank run is happening in Cyprus and at the same time the bail out plan might not even make it through the parliament there? What?! This is just outright brain dead.
At the same time the President of the European Parliament also has some at least less damaging ideasbut the 25,000 € freshhold idea is too little too late. Martin Schulz's comment shows that the only - at least somewhat - democratic EU institution, again, wasn't even involved in the decision making in the first place.
I think the whole thing has become a self-fulfilling-prophecy no matter what the decision in Cyprus will be. A bank run cannot be avoided