Moody’s: Even with new deal, Cyprus could still default and leave the Euro

Cyprus finally reached a deal with the EU on how to bail out its troubled banking system tonight. Nonetheless, the events of the past week have likely shattered confidence in Cypriot banks. In a new piece, Moody’s analyst Sarah Carlson argues that the financial crisis in Cyprus “will have profound…

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Moody’s: Even with new deal, Cyprus could still default and leave the Euro

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