Trust us, things are much better now aren't they?

Cyprus is the fifth Eurozone country (out of 17) that has needed a bailout -- and the fifth that is having austerity drilled down the throat of the poor and middle class.

Huzzah!

As announced on Saturday, depositors in Cypriot banks with balances of more than €100,000, or $129,500, would have to pay a one-time tax of 9.9 percent on their holdings. Those with balances below that threshold would pay 6.75 percent.

Sorry wealthy people screwed up your economy, give us a big chuck of everyone else's money.

Sounds as fair as usual. [cross-posted at Firedoglake]