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Cyprus: A Brutal Lesson in RealPolitik

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Reblogged from Some of it was true...:

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So it turns out that those who noted that the Cyprus bailout took place ahead of a local bank holiday on Monday were onto something. The terms of the bailout deal represent a huge leap in how the EU is tackling the crisis. Time will tell whether this leap is over or into the chasm.

This is a quick reaction post.

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A rather brutal truth indeed...

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