Reactions to the Cypriot bailout across the European Press

The dramatic developments with regard to the bailout of Cyprus have dominated the Greek press since the news of the savings levy broke. The focus of the continuous coverage has been on the “unprecedented” and “harsh” character of the decision of the Eurogroup, as well as the future uncertainty for the economies of Cyprus and Greece it entails. “Shock”, “fury” and “chaos” are recurring words in describing a decision for which the role of Germany and Angela Merkel is particularly highlighted