ECB’s Asmussen: Disorderly developments in Cyprus could undermine recent (2012) progress made in stabilizing the Eurozone

  • Cyprus may be small but could impact on a still fragile Eurozone
  • Cyprus could also impact on Greece through banking channels
  • Final decision on Cypriot bailout possible at end of March, but needs to include close monitoring and implementation of anti money laundering and tax transparency

Reuters reporting

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