Cyprus has finally reached a deal with euro zone policymakers and the IMF. But although this solution will stop Cyprus from defaulting, printing a new currency, and leaving the euro, there are plenty of people who are going to be cursing this deal.
Everyday Cypriots, who will probably face years of recession and strict austerity policies imposed by the troika.
High-rolling Laiki savers whose accounts will be frozen, with an as-yet undetermined portion seized to pay for the bank's losses. Uninsured Bank of Cyprus account holders may also be on the hook to some extent.
Small-fry Russians: Major oligarchs mostly used Cyprus as a conduit, rather than a destination for funds, and those with political leverage likely got their cash out of Laiki in time. Who's left? "Smaller savers and entrepreneurs ," according to Reuters.
Reporters in Europe who had to stay up until 4 am to have their questions dodged by IMF director Christine Lagarde.
The free flow of money in Europe: For an undetermined amount of time, Cyprus will institute capital controls--the first in the history of European monetary union--to prevent more money from leaving the country.