The EU's decision to impose losses on Cyprus bank depositors may be the moment when the eurozone...

|By:, SA News Editor

The EU's decision to impose losses on Cyprus bank depositors may be the moment when the eurozone finally took a big step towards ultimate recovery, writes contrarian-minded Simon Nixon. The message sent is the burden of tackling unsustainable debts will fall on a country's creditors rather than be passed to other members. It's probably the same thing Paulson thought when he let Lehman go.