Blog: Europe’s Cyprus blunder raises important questions about the nature of EU decision-making and crisis management

On the 18 March 2013, the EU, IMF and European Central Bank agreed to a bailout for Cyprus that would involve a levy on the country’s bank deposits. The terms of the bailout were met with surprise and fury in Cyprus and across Europe, and were also rejected by Cyprus’s parliament. Nicholas Veron writes that no matter the outcome, the crisis is likely to cause lasting damage to the trust of Eurozone households in the banking system, and to the EU’s plans for banking union.

In the related hyperlinks you will find links to many other blogs looking at the Cyprus crisis and European and international reaction in March 2013.

• Primary Source

ESO: Background Information: Officials grilled over Cyprus bailout fiasco http://www.europeansources.info/record/officials-grilled-over-cyprus-bailout-fiasco/

ESO: Background information: Find all further information in ESO on the Cyprus economic and banking crisis http://www.europeansources.info/advSearchLink?keyword=Cyprus%20economic%20bailout%20&searchOption=all

Blog: EuroppBlog: Tag: Cyprus http://blogs.lse.ac.uk/europpblog/tag/cyprus/

Blog: Social Europe Journal: Tag: Cyprus http://www.social-europe.eu/tag/cyprus/

VoxEU.Org: Tag: Cyprus (Economists analyse the situation in Cyprus) http://www.voxeu.org/category/tags/cyprus

Blog: Bloggingportal.eu, 23.03.13: The Week in Bloggingportal: Cyprus in (y)our heart http://blog.bloggingportal.eu/the-week-in-bloggingportal-cyprus-in-your-heart/

Blog: Open Europe: Tag: Cyprus http://openeuropeblog.blogspot.co.uk/search/label/Cyprus

Blog: Public Service Europe: Tag: Cyprus http://www.publicserviceeurope.com/eu-member-state/cyprus

Blog: Economist: Tag: Cyprus http://euronomist.blogspot.co.uk/search/label/Cyprus

The Economist, 27.03.13: The Cyprus bail-out. This septic isle http://www.economist.com/news/leaders/21574492-being-tough-bank-creditors-could-prove-costly-northern-european-taxpayers-septic-isle?fsrc=nlw|hig|3-27-2013|5392059|34756097|

Blog: New Yorker, 27.03.13: Does the Cyprus Deal Really Herald the End of the Euro? http://www.newyorker.com/online/blogs/johncassidy/2013/03/cyprus-bank-euro-crisis-eu.htm

Blog: Bruegel, 25.03.13: The new Cyprus deal: victory of common sense http://www.bruegel.org/nc/blog/detail/article/1057-the-new-cyprus-deal-victory-of-common-sense/

Blog: EuroppBlog, 26.03.13: The Cypriot banking crisis shows that Europeans have yet to work out the answer to the question, ‘who pays?’ http://blogs.lse.ac.uk/europpblog/2013/03/26/the-cypriot-banking-crisis-shows-that-europeans-have-yet-to-work-out-the-answer-to-the-question-who-pays/

Blog: LSE EuroppBlog, 03.04.13: The Cyprus crisis has shown the growing dysfunctionality of the eurozone http://blogs.lse.ac.uk/europpblog/2013/04/03/cyprus-eurozone/

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