Amazingly nobody seems to want to claim credit for the great Cypriot bank raid, and it’s hard to find anyone with a good word to say about the “deal” which has put all of Europe into a Boylean “state o‘ chassis”.

A HAIRCUT of Greek debt is damaging to Greece and the euro area, and has stoked wider concern about possible impairment of bonds in other eurozone members, ECB Governing Council member, Athanasios Orphanides said yesterday in a newspaper interview.