How German Fears Of Underwriting Russian Oligarchs Pushed Cyprus To Crisis -- Michael Steininger, Christian Science Monitor
Cypriots took to the streets and its parliamentarians rebelled against a EU bailout plan for the country's banks that would impose a tax on the banks' account holders.
Could the tiny economy of Mediterranean Cyprus, in urgent need of a bailout package, pull the whole eurozone back into crisis?
The answer, it became clear in the past few days, is yes. And the responsibility lies with the eurozone’s strongest economy, Germany.
For months, eurozone finance ministers have been debating how to help Cyprus, whose banks, exposed to large amounts of bad Greek debt, are in dire need of recapitalization. Cyprus is the fourth eurozone country to apply for financial aid from the European Union, the European Central Bank (ECB), and the International Monetary Fund (IMF), after Greece, Portugal, and Ireland.
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Commentaries, Opinions, And Analysis On The Bank Crisis In Cyprus
Insight: How Europe stumbled into scheme to punish Cyprus savers -- Annika Breidthardt and John O'Donnell, Reuters
Cyprus: the rescue plan that backfired on Brussels -- Louise Armitstead, The Telegraph
The Cyprus precedent -- Felix Salmon, Reuters
Danger for Europe Lurks in Cyprus Bank Levy -- Stefan Kaiser, Spiegel Online
What the Cyprus Bailout Could Mean for Europe’s Debt -- Peter Eavis, New York Times
Deposit grab in Cyprus risks new Euro crisis -- Constantine von Hoffman, CBS
The Cyprus Debacle -- James Meek, LRB Blog
Savers across Europe will look on in horror at the Troika's raid on Cyprus -- Michael Burke, The Guardian
Cyprus a Sunny Place for Shady People -- Alex Spillius, Daily Telegraph
Russia Sees Cyprus Plan as 'Unfair' Plot to Seize Money of Its Citizens -- Andrew E. Kramer, New York Times
Is Bitter Medicine for Cyprus a Cure for the Euro Zone? -- Simon Nixon, Wall Street Journal
German Economist: 'Europe's Citizens Now Have to Fear for Their Money' -- Spiegel Online
From Lehman to Cyprus -- Floyd Norris, New York Times
The Lesson From Cyprus -- Neil Unmack, New York Times
Here's Why Cyprus Is Bad For All Of Us! -- Steve Forbes, Forbes
European press review: Cyprus bailout -- BBC
Europe is risking a bank run -- Wolfgang Munchau By Wolfgang Münchau, Financial Times
Euro Zone Moving Into Twilight Zone -- Wall Street Journal
The Botching of the Cyprus Bailout: Worse Than Lehman Brothers -- Eamonn Fingleton, Forbes
Cyprus Deposit Levy: No Panic Yet But Scary Long-Term Consequences -- Karl Whelan, Forbes
What’s next for the Cyprus financial crisis -- Market Watch
Two Contrarian Arguments for the Cyprus Deposit Tax -- Mark Gimein, Bloomberg
Euro crisis: Why a Cyprus bailout must be seen as 'fair' -- Christian Science Monitor editorial
Everything you need to know about the Cyprus bailout, in one FAQ -- Dylan Matthews, Washington Post
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