The Economist on the Eurozone:
"By the way, how long can the 'not a precedent' line be maintained? The Greek writeoff for private sector creditors was not a precedent; the writeoff for SNS Reeal bondholders was not a precedent; and now the Cypriot despoit levy isn't one either. If a man whacks you on the head, it isn't a precedent for him kicking you on the shins. But after a couple of blows, you still can't be blamed for feeling he's out to get you."