January 31, 2013

Analysis - Small island, big problem: how Cyprus troubles the euro zone

(Reuters) - Just when European leaders thought they were getting to grips with three years of economic turmoil, along came Cyprus, a seemingly small problem but one that cannot be ignored.

While the Cypriot economy may be worth only 18 billion euros (15.4 billion pounds), making it the third smallest in the euro zone, the problems it poses are among the most complex Europe has faced, combining elements of Greece, Spain and Ireland. Read more.

Reuters

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