Final answer:
In 2013, the people of Cyprus were distressed by a proposal that aimed at using their savings to finance a bank bailout, a contentious action in the broader context of the European debt crisis.
Step-by-step explanation:
In 2013, the people of Cyprus were unhappy with a plan to raid their savings accounts to pay for a bank bailout. This event took place against the backdrop of the wider European debt crisis, where countries like Greece, Ireland, Spain, and Portugal were compelled to undertake severe austerity measures. The plan to fund the bailout through private savings was met with considerable public outrage and was a significant policy proposal during this period of economic turmoil. The crisis raised serious concerns about the sustainability of debt levels in European countries and put the viability of the euro into question.