TITLE

Brian Tora: Cyprus bailout follows path of least resistance

PUB. DATE
April 2013
SOURCE
Money Marketing (Online Edition);4/4/2013, p32
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The author looks at how investors, shareholders and bank depositors are sharing the cost of the bailout of Cyprus as taxpayers have lost their patience. He cites that one European Parliamentary member believed that the final outcomes of the bailout relied on the electorate's flexibility. He explains Germany's approach to Cyprus and how it has benefited from the creation of the euro. He also explains the implications of the bailout for the banking system in the eurozone.
ACCESSION #
86872656

 

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