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    Is Cyprus a Game Changer?

    March 19, 2013 • 1 min read

    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.

    • Finance & Accounting
    • Public Policy
    Featured Faculty

    Mauro Guillén

    Mauro Guillén profile photo
    Written By

    Knowledge at Wharton Staff

    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.

    Related videos:

    Does Germany Want to Split-up the Eurozone?

    When Banks Outweigh an Economy

     

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