The Cyprus Bailout Is Unfair, Short-Sighted, And Self-Defeating

IT IS not a fudge, but it is still a failure. The euro zone’s bail-out of Cyprus, which was sealed in the early hours of Saturday, did get the bill for creditor countries down from €17 billion to €10 billion, as had been rumoured. But the way it did so was somewhat unexpected. …

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The Cyprus Bailout Is Unfair, Short-Sighted, And Self-Defeating

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