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Monday, March 18, 2013

In avoiding a Greece repeat, the Cypriot bailout is setting a dangerous precedent


Evening Standard

In avoiding a Greece repeat, the Cypriot bailout is setting a dangerous precedent
Quartz
Although Cyprus may be a tiny country and an offshore Russian tax haven, the implications for the rest of the euro area of the plan to bail out its banks by imposing a levy on depositors are very real. It all has to do with how Greece's bailout was ...
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