Cyprus and the Death of Deposit Insurance

By Robert Tracinski - March 19, 2013

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From the beginning, the European crisis has been a story of small countries on the Eurozone's "periphery" revealing fundamental problems at the heart of the system. Now a very small country on the outer edges of the periphery—the tiny Mediterranean island of Cyprus, with about a million inhabitants and 0.02% of Europe's GDP—is triggering the latest wave of the crisis. This is not...

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Robert Tracinski

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