Pivotal moment for the euro

Tora, Brian
March 2013
Money Marketing;3/28/2013, p22
The author reflects on the possible impact of the Cyprus mess on the financial services industry. He relates that banks in the country are focused on Greece for historic reasons, which could result to some form of bailout. He explains that the terms have accelerated the selling pressure and put markets into reverse. He believes that the Cypriot economy is small and would do little harm to the currency zone in case of a failure.


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