Cyprus bailout

Cyprus bailout incites turmoil as blame flies

Written by Philip Whyte, 18 March 2013

Officials scrambled to explain what went wrong and how best to control the damage of what Philip Whyte, a senior research fellow at the CER, called a “completely irrational decision” to make bank depositors liable for part of the bailout.

Link to press quote:
http://www.nytimes.com/2013/03/19/business/global/cyprus-bailout-incites-turmoil-as-blame-flies.html?pagewanted=all&_r=0