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Europe’s Cyprus blunder raises important questions about the nature of EU decision-making and crisis management

Veron, Nicholas (2013) Europe’s Cyprus blunder raises important questions about the nature of EU decision-making and crisis management. LSE European Politics and Policy (EUROPP) Blog (23 Mar 2013). Website.

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Abstract

One week ago, the EU, IMF and European Central Bank agreed to a bailout for Cyprus that would involve a levy on the country’s bank deposits. The terms of the bailout have been met with surprise and fury in Cyprus and across Europe, and were also rejected by Cyprus’s parliament. Nicholas Veron writes that no matter the outcome, the crisis is likely to cause lasting damage to the trust of Eurozone households in the banking system, and to the EU’s plans for banking union.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/europpblog/
Additional Information: © 2013 The Author; Online
Divisions: LSE
Subjects: J Political Science > JN Political institutions (Europe)
Sets: Collections > LSE European Politics and Policy (EUROPP) Blog
Date Deposited: 10 May 2013 09:28
Last Modified: 25 Nov 2019 00:30
URI: http://eprints.lse.ac.uk/id/eprint/50209

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