President Nicos Anastasiades, in his negotiation with the troika a week ago, appears to have opted for a levy on supposedly secured deposits under ¤100,000 for the sake of a lighter levy on those over ¤100,000. Photograph: Petros Karadjias/Reuters

Most of what has been written on the Cypriot financial crisis has naturally focused on Eu ropean and global economic concerns – the prospects f(...)