Cyprus shows Eurozone crisis isn't over
Barely one month after Greek and European rulers assured us the European debt crisis had been resolved, Greece had been stabilised, and the euro wasn’t in danger, a crisis in the Cypriot banking system and uncertainty over a bailout deal threatened the “peace”. To be fair, rcent forecasts for the European economy showed that the EU will be in recession during 2013 and even the German economy will be in stagnation. A new crisis in the EU and the euro — as the recession exacerbates the problems of deficits and debt — was always on the cards. None of the objectives in any of the bail-out...