Not undemocratic at all, because Cyprus has had the democratic option not to accept EU/IMF bailout money (which is being withdrawn from others bank accounts, ty

Not undemocratic at all, because Cyprus has had the democratic option not to accept EU/IMF bailout money (which is being withdrawn from others bank accounts, typically others, who receive much lower interest rates on their savings than Cypriots did in the past, and who's government finances have been eroded by the dodgy money laundering that was Cyprus' main business model). The parliament of Cyprus has democratically decided to accept that money. Nothing undemocratic about it.