‘Europe ends in Cyprus’

Published on 22 March 2013 at 11:03

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“Following the rejection of the bailout plan agreed by Nicosia and Brussels, the Cyprus banking crisis is a growing worry for the eurozone,” writes the weekly, which believes that the turmoil may spread “to affect banks in other countries in difficulty.”
Internazionale quotes several articles from the European press, including an opinion piece by Greek economist Costa Lapavitsas, who argues that in rejecting the bailout plan, the Cypriot parliament made a “courageous choice”, because the deal would have “ruin[ed] the Cypriot economy while delivering an extraordinary shock to confidence in European banks.”

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