Yes, it's pure logic, because:
- Unlike Cyprus, small Caribbean country is not a part of "global corporation" like EU.
- Their primary interest is to attract investors and to prove that their money is safe.
- Unlike many of EU countries, they don't have huge national debts.
- They don't tax you for foreign income.
That might be correct, except the EU is not to blame. EU GAVE them money, not TOOK their money. Everyone knew for over a year now that banks are insolvent because of the failed Greek bonds speculation:
http://www.nytimes.com/2012/04/12/business/global/in-cyprus-a-national-quest-to-shore-up-teetering-banks.html?pagewanted=all&_r=0It
was The ECB that placed the requirement of draining the bank accounts, yes?
Not saying Cyprus is innocent, nor the banks. But if someone orders a murder, you arrest the hitman, AND the guy who hired him.
Honestly, the only people who aren't to blame here are the people whose money all evaporated overnight. You can hardly blame the guy for banking in the country he does business in.