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March 19, 2013

A Much Better Alternative for Cyprus

Felix Salmon, Reuters

AP Photo

The ball is in the Cypriot parliament’s court today, and most observers are expecting the current plan to go through, with a tweak here or there to the tax rates and the points at which they kick in. But Buchheit and Gulati have now given Cyprus’s parliament a clear Plan B. If the lawmakers want to reject the Eurogroup’s plan, they know what they must do.

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TAGGED: Cyprus, Europe, European Union, Eurozone

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