Begg, Iain (2013) The Cypriot banking crisis shows that Europeans have yet to work out the answer to the question, ‘who pays?’. LSE European Politics and Policy (EUROPP) Blog (26 Mar 2013) Blog Entry.
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The past week has been a tumultuous one for Cyprus, with negotiations and renegotiations towards a bailout for the country’s embattled banks. While an agreement has finally been struck, Iain Begg writes that the crisis is a direct result of an over-extended banking system: something that also affects other Eurozone members. The solution, to make bank depositors pay, could undermine confidence in the Eurozone’s banking system.
|Item Type:||Website (Blog Entry)|
|Additional Information:||© 2013 The Author|
|Library of Congress subject classification:||J Political Science > JN Political institutions (Europe)|
|Sets:||Departments > European Institute
Collections > LSE European Politics and Policy (EUROPP) Blog
|Date Deposited:||10 May 2013 10:08|
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