Cyprus is the latest casualty of Germany’s one size fits all solution to the Eurozone crisis

Pegasiou, Adonis (2013) Cyprus is the latest casualty of Germany’s one size fits all solution to the Eurozone crisis. LSE European Politics and Policy (EUROPP) blog (20 Mar 2013). Blog Entry.

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Abstract

On Tuesday the Cypriot parliament rejected an international bailout deal aimed at keeping the country’s struggling banks afloat. The most controversial part of the agreement was a proposed €5.8 billion deposit levy on Cypriot bank deposits. Adonis Pegasiou writes that the agreement, pushed for by Germany, may create a precedent that will see a fall in confidence in other countries in Southern Europe. He argues that the measure shows that Germany should not be allowed to impose its desired solutions on struggling European economies

Item Type:	Online resource (Blog Entry)
Official URL:	http://blogs.lse.ac.uk/europpblog/
Additional Information:	© 2013 The Author
Divisions:	LSE
Subjects:	J Political Science > JC Political theory J Political Science > JN Political institutions (Europe)
Date Deposited:	10 May 2013 09:24
Last Modified:	11 Dec 2024 20:09
URI:	http://eprints.lse.ac.uk/id/eprint/50206

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