Well the EU, is bailing them out to prevent an economic collapse of the country. They have to get terms that they think will be viable in the long run and that they can "sell" to taxpayers back home in their respective countries.
Similar to the Greek situation, how the heck do you spin a bailout of a money laundering case like Cyprus. Heck, whilst the Greeks were begging for a bailout and whining about austerity they were legally legitimizing pedophilia as an actual "disability" so that you could get paid benefits for it. How the hell are you going to spin that to tax payers fronting up the money without imposing massive austerity on the Greeks?
Frankly they're probably all up a creek in any case - just delaying the inevitable.
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