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