Showing posts with label Iceland. Show all posts
Showing posts with label Iceland. Show all posts

Friday, March 22, 2013

Opinion: Why the EU is right on Cyprus


Peter Gumbel
Reuters
5:52 a.m. CDT, March 22, 2013

The reaction to this weekend's European Union bailout deal for Cyprus has gone from initial shock to rather predictable condemnation. "Europe botches another rescue," ran the headline on an editorial in the Financial Times. "It's as if the Europeans are holding up a neon sign, written in Greek and Italian, saying ‘time to stage a run on your banks,' " Paul Krugman, the economist and New York Times columnist wrote on his blog.