``I don't see any version of the numbers where Cyprus is not a net creditor to the EU bailout regime, as opposed to a net beneficiary. Cyprus should be fighting to block the ELA transfer to Bank of Cyprus at this stage... Cyprus, voluntarily or not, has contributed around 5% of the Greek public and private debt reduction, despite being 0.2% of the European economy, so a rate of 25x the European average, plus or minus.''

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