The Depositor Haircut
James Meek: Cyprus’s Depositor Haircut, 9 May 2013
“... is going to happen this time round. At the end of the day they punish the ordinary person.’ When Lawrence Durrell moved to Cyprus in 1953, his ticket from Trieste to Limassol (he went by boat) cost £47, while the beautiful old house he bought near a monastery in the hills above Kyrenia cost £300. Sixty years later, you can still get a one-way air ticket ... ”