But the question analysts are asking is whether the ECB's leverage was used to good effect.

WSJ: Cyprus Deal Hurts Credibility All Around

Now, with all the fees, not many a film pays off at 2-to-1, but the deal could still make sense if the investor used a lot of leverage to goose the tax effect.

FORBES: Teutonic Tinsel

This lock-in effect gives Facebook some leverage to control ancillary economic activities both on and off Facebook, as well as make poor anti-user product choices and avoid punishment in the marketplace.

FORBES: Facebook Doesn't Violate Antitrust Law When It Controls Its Users' Experience

If things do proceed in this manner, the odd effect of recapitalisation will be to increase leverage in the system.

ECONOMIST: Chinese banks are undergoing an odd kind of bail-out