Bailing out Cyprus was always going to be tricky – But it didn’t have to be like this

EVEN by the standards of European policymaking, the past week has been a disaster. In the early hours of March 16th, nine months after Cyprus first requested a bail-out, euro-zone finance ministers, led by the Germans, offered a €10 billion ($13 billion) deal, well short of the €17 billion needed….

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Bailing out Cyprus was always going to be tricky – But it didn’t have to be like this

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