Guest Post: Post-Cyprus Blues: Confusion And An Erosion Of Faith
What do we know now that the Cyprus bank crisis has been resolved? What we know–that the resolution follows basic capitalism 101 guidelines of matching risk and loss, unlike the rejected across-the-board tax on all deposits–is dwarfed by what we don’t know, for example:
Does the Cyprus “bail-in” set a precedent for much larger Eurozone banking/debt crises?
Though the Cyprus resolution is being held up by some as a model for all future Eurozone bail-outs, is the situation in Cyprus truly applicable to larger economies?
Read More: http://economicrisis.com/guest-post-post-cyprus-blues-confusion-and-an-erosion-of-faith/2912