March 19, 2013
A Much Better Alternative for Cyprus
Felix Salmon, Reuters
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.
TAGGED: Cyprus, Europe, European Union, Eurozone