Thursday, March 28, 2013

Guy Verhofstadt: Avoiding the Next Cyprus

In The New York Times:

Guy Verhofstadt: “Now that the crisis in Cyprus has been temporarily resolved, the unspoken question is: Who’s next?
Perhaps Malta, which has an even bigger banking sector than Cyprus relative to G.D.P., much of it highly reliant on offshore depositors. Or maybe Latvia, fast becoming the destination of choice for Russian funds flowing out of Cyprus and now on course to join the euro zone.”

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