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March 18, 2013

Tapping Bank Customers the Right Move

Christian Rickens, Der Spiegel

AP Photo

The move in Cyprus to apply a one-time levy on all bank accounts is both a fair and pragmatic way of easing the country's debt burdens. It also marks the start of a new phase in the euro crisis that could have implications for future bailouts.

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TAGGED: Eurozone, Greece, Cyprus

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