Saturday, March 23, 2013

Cyprus crisis: 'This is the darkest week in our history since the 1974 invasion'

As zero hour approaches, a small island population watches and waits, consumed with anxiety and simmering with resentment. "This is the darkest week in Cyprus since the 1974 invasion," said Hubert Faustmann, associate professor of history and politics at the University of Nicosia. "The island has been put on the Greek path. What lies ahead are further cuts, austerity measures, more bailouts, because it won't be able to repay the loans, endless misery and recession. It will take years to recover."

"I have never been so frightened in my life," said Maria Panayides, one of thousands of Cypriots who last week rushed to withdraw cash from ATMs.