The other guy’s always to blame

Greedy banks, the EU or Angela Merkel: The search for the culprit in Cyprus is running along the usual fault lines of the euro crisis. But do individuals not share in the responsibility for the mistakes of their society? That would mean the Cypriots would have to give up some of their savings deposits.

Published on 21 March 2013

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.

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