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Not if, But How, Cyprus Defaults

Eurozone

Big news from Davos, where it has been made apparent Cyprus will default. All defaults are rough ventures, but Felix Salmon worries this will be particularly tricky:

If there’s any hint that Cyprus might force foreign depositors to take some kind of haircut, of course, there will be a massive run...

This won't last long. One year of fearless reporting for only $35 $25.

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