Another Euro State Goes Belly Up—World Yawns
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  • Dean Jackson

    It really should receive more attention due to the potential geopolitical implications.

  • Jim.

    So is anyone set to snap up Cyprus at fire sale prices? I’d imagine the main bidding would be between Russia and Turkey, but I honestly have no idea whether either of them are in the market right now.

  • Eurydice

    Maybe it’s not a bad thing to take a break from the hysterics. It’s been like the Eurozone’s been gripped by mass schizophrenia.

  • John

    I must confess I just can’t rouse myself to get to excited about Cyprus.

  • Charles R. Williams

    People are ignoring Cyprus because Cyprus does not matter – except, of course, to the Cypriots and maybe the Greeks, who have a lot more to worry about.

    Greece does not matter either. They have already defaulted on their debts. Some European banks will go insolvent when and if Greece leaves the euro and their respective sovereigns will bail them out. The truth is that these banks are already insolvent. HOW the Greek catastrophe plays out matters to the Greeks, but not as much as finding a way to survive AS the catastrophe plays out.

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