Philokypros Andreou, the President of the Cyprus Chamber of Commerce and Industry, brings up the war. “It's like in 1974, when the Turks marched in! This is a financial genocide,” he yelled in an interview with the newspaper Die Welt. “Our financial industry has been ruined! Merkel and Schäuble are hurting innocent people!”

Genocide. Aha. The German media loves strong coffee too. “Confidence in gravest danger!” or “New fear strikes Europe!”, “Are we facing a run on the banks?” And so a much-anticipated panic is whipped up – in all innocence of course: We only want to tell it like it is!

This content has been removed under request of the copyright owner.