Nicos explains why he's cool with government theft.
His words to the people on why the the EU is stealing their money.
Nicos Anastasiades, president of Cyprus, says he had to steal expropriate seize accept a tax on bank deposits to save the island from bankruptcy. Speaking about the Euro bailout plan in a televised address to the nation, he says Cyprus faces 'a state of emergency,' and an exit from the euro would been worse. Anastasiades was elected last month on a promise to tackle the country's debt crisis.
Here's a suggestion from us, Nicos.
Punish the bondholders who made the risky bets and not the depositors who did nothing more than commit the egregious sin of trusting the banking system.
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