Liam Halligan, for the UK Telegraph, here:
"Across Cyprus this Easter, hundreds of family-owned businesses are trying to come to terms with what they see as the theft of their working capital. Numerous charities, universities and other educational endowments have also been whacked. As I said, depositors are not investors. There is an absolutely crucial distinction between them, or, at least, in a modern society, there should be. Moving on any depositors, large or small, seriously undermines the financial and legal fabric of capitalism itself."
