I'm sure the Cypriots don't want to rot, so why not take the EU bail out? Yes, they lose 6-10%, but that is much better than 100%. And the Russia mafia won't be that angry.
So what was the right solution? Kick Cyprus out of the
EU and let them scavenge for themselves? Letting the banks fail might attract an invasion from Russia, and then it becomes a NATO problem....such a mess.
2: It's a temporary measure that will only lead to a worse temporary measure.
3: GOTO 2;