Eurozone officials reminded the world of the big financial risks that remain there when they sought to fund bailouts in Cyprus by confiscating savings from small depositors.
Eurozone officials stumbled badly when they sought to confiscate some of the savings of small depositors in Cyprus to finance a bailout. The move uncovered big cracks in eurozone finances that officials hoped had been papered over. Wharton management professor Mauro Guillen assesses the systemic risks.
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