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Here are a couple of Brits suggesting it is actually illegal:

@SharonBowlesMEP

Uber cross over #Cyprus bail-in of guaranteed deposits. Anyone up for the ECJ on this. Breach surely of Deposit Guarantee legislation.
@CharlesCrawford
On what basis is the #Cyprus bank deposit manipulation and seizures NOT a catastrophic breach of the most basic human rights under #ECHR?
But who cares? The economic damage will be done well before the legal challenges are even lodged.

What possible redress is there here?

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Migeru (migeru at eurotrib dot com) on Sun Mar 17th, 2013 at 12:44:40 PM EST
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