Cyprus bail-in triggers more instability and even deeper recession

Brookings Institution’s Domenico Lombardi discusses the questions raised by the Troika-Cyprus bailout deal. Here is a direct link.

In all of the hopes for quick fixes, the elephant in the room which is now sitting on the chest of the Eurozone is a deepening recession which will only get worse as worried capital accelerates its efforts to leave the EU banking system. Here is a direct link.

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