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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