Did Cyprus's leadership actually believe they could muddle through relatively unscathed indefinitely?
The two main industries - banking services and tourism - put Cyprus on the world map while raising levels of development and living standards.
Can they realistically thrive on oversized banking sectors regardless?
It is a question I have asked myself in ages.
The EU's approach to Cyprus - one of its own - cannot be condoned but what sort of trade-offs were exacted to let Cyprus into the EU less than 10 years ago and then into the Eurozone in 2008?
Perhaps rhetorical questions don't help now.
It will be a tough challenge to keep it going in the current format or a new start must be made.
Restoring hope of economic growth to vast regions across southern Europe going up north is paramount.
Ultimately the only way for indebted countries to pay their interest dues on continuously rolling debt.