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The Irish EU presidency said Cyprus will never happen again (Photo: EUobserver)

EU leaders under fire over Cypriot 'fiasco'

EU leaders were in the firing line in Strasbourg on Wednesday (17 April), as MEPs accused them of "grave mistakes" over the Cypriot bailout.

Hannes Swoboda, the Austrian leader of the Socialist and Democrat group, accused German finance minister Wolfgang Schauble of "neocolonial behaviour" in terms of forcing Cyprus to seize money from some wealthy bank depositors' accounts.

He also called on the European Commission to disband the troika - a partnership between the commission, th...

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The Irish EU presidency said Cyprus will never happen again (Photo: EUobserver)

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