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" ... The Eurogroup further welcomes the Cypriot authorities’ commitment to take further measures mobilising internal resources, in order to limit the size of the financial assistance linked to the adjustment programme. These measures include the introduction of an upfront one-off stability levy applicable to resident and non-resident depositors. Further measures concern the increase of the withholding tax on capital income, a restructuring and recapitalisation of banks, an increase of the statutory corporate income tax rate and a bail-in of junior bondholders. The Eurogroup looks forward to an agreement between Cyprus and the Russian Federation on a financial contribution. ... "
" ... The irony is that the previous Greek governments diligently applied the austerity measures prescribed to them by the trio of the ECB, IMF and EU. Only the effect of government austerity without any structural change or bank recapitalisation worsened the economic situation in Greece. ... "