Cyprus Bail-Out Terms Signal Huge Policy Shift For Eurozone Bank Resolution
While Cyprus is one of the smaller of the EU countries, events there put depositors liable in future bank rescues. This has ramifications beyond the Eurozone. It could impact the flow of funds both from and to the Eurozone and may ultimately affect other regions, including MENA. This report looks at the consequences of the Eurozone’s treatment of Cyprus.
By-Andrew Cunningham*