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March 20, 2013

Why Europe Must Play Hardball with Cyprus

Christian Rickens, Der Spiegel

AP Photo

The Cypriot rejection on Tuesday night of the euro-zone bailout package for the country's ailing banks has triggered a power struggle between the island nation and the European Union. If Brussels gives in, future efforts to save the euro will be made more difficult. All hopes are now on Russia.

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TAGGED: Europe, Eurozone, Cyprus, EU, European Union, Russia

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