There is no such thing as a financial crisis.
It’s the result of a social crisis, a values crisis, a confidence crisis, a how we feel about ourselves crisis. And I am starting to feel that the current European crisis is a crisis of democracy. That the real deficit is a democratic deficit.
Last week Cyprus gave the world some of the best cliffhanging television that it has seen for a long, long time. Part drama, part comedy. Soap opera and epic serial. But tragic. Always tragic. Because it was the story of the collapse of the Cyprus miracle. And the treatment that was handed out from the north smelt of Protestant punishment.
But I have learned something about the Cypriots. You will be back. With another miracle. Because Cyprus is not the miracle. The Cypriots are.