Europe’s Leaders Run Out Of Credit In Cyprus -- Gideon Rachman, Financial Times
The problem remains the gap in trust between north and south.
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European leaders must surely know that they are taking a big risk with Cyprus. The danger is obvious. Now that everybody with money in Cypriot banks is being forced to take a hit, nervous depositors elsewhere in Europe might notice that a dangerous precedent has been set. Rather than run even a small risk of an unwanted financial “haircut” in the future, the customers of Greek, Spanish, Portuguese or Italian banks might choose to get their money out now. If that starts to happen, the euro crisis will be back on again – with a vengeance.
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Commentaries, Opinions, And Analysis
Cyprus rescue breaks all the rules -- Robert Peston, BBC
5 reasons Cyprus bailout matters -- Mark Thompson, CNN
Why the Cyprus Bail In Is a Bigger Deal Than You Think -- Henry Blodget, Yahoo News/Daily Ticker
America faces a changed Middle East -- Rami G. Khouri, The Daily Star
Syria is melting away -- Nicholas Burns, Boston Globe
Lebanon Pays a Price For Syrian Economic Collapse -- Elie Hajj, Al-Monitor
Why Iran May Be Ready to Deal -- Vasli Nasr, New York Times
North Korean Dirty Money, American Silence - A View From China -- World Crunch
No Nukes on the Korean Peninsula -- New York Times editorial
The new face of Chinese diplomacy: Who is Wang Yi? -- Peter Ford, Christian Science Monitor
Europe’s work is far from over -- Lawrence Summers, Washington Post
Vatican Financial Oversight Di
Lebanon Pays a Price For Syrian Economic Collapse -- Elie Hajj, Al-Monitor
Why Iran May Be Ready to Deal -- Vasli Nasr, New York Times
North Korean Dirty Money, American Silence - A View From China -- World Crunch
No Nukes on the Korean Peninsula -- New York Times editorial
The new face of Chinese diplomacy: Who is Wang Yi? -- Peter Ford, Christian Science Monitor
Europe’s work is far from over -- Lawrence Summers, Washington Post
Vatican Financial Oversight Director: 'Church Strengthens Position By Combating Money Laundering' -- Spiegel Online
The Pope’s Dirty Past -- Christopher Dickey, Daily Beast
Can Latin America ride out the global economic storm? -- Sibylla Brodzinsky, Christian Science Monitor
Why we’ll never see a $20 barrel of oil again -- Dambisa Moyo, Globe and Mail
Why Iran May Be Ready to Deal -- Vasli Nasr, New York Times
North Korean Dirty Money, American Silence - A View From China -- World Crunch
No Nukes on the Korean Peninsula -- New York Times editorial
The new face of Chinese diplomacy: Who is Wang Yi? -- Peter Ford, Christian Science Monitor
Europe’s work is far from over -- Lawrence Summers, Washington Post
Vatican Financial Oversight Director: 'Church Strengthens Position By Combating Money Laundering' -- Spiegel Online
The Pope’s Dirty Past -- Christopher Dickey, Daily Beast
Can Latin America ride out the global economic storm? -- Sibylla Brodzinsky, Christian Science Monitor
Why we’ll never see a $20 barrel of oil again -- Dambisa Moyo, Globe and Mail