Congratulations EU and Iceland!!! It would have been wise to do the "Cyprus adjustment" everywhere after the 2008 crash ...the 1% definitely do not deserve money printing insurance. The 1% have infiltrated the retail banking system to afford themselves even more undeserved insurance ...too big to jail or fail.Investment banks must be separate from the retail banks and trusts.Money printing used to re inflate equity-bond-property values would be the worst move.