Cyprus’ two options: Misery or suffering

In a desperate bid to qualify for more EU bailout funds, Cyprus has imposed a 10 per cent levy on bank deposits. Of the two austerity evils on offer, it wasn't much of a lesser one.

I used to play a game with my children called 'what would you prefer'. It was a lot of fun and was usually a bit off colour, such as choosing between drinking a glass of vomit or eating a piece of raw, maggot infested, rotting meat.

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