Tuesday 02, April 2013 by Matein Khalid

Cyprus and West Europe's money

Are the lights going out once again in Europe? The crisis in Cyprus demonstrates the extent to which the exigencies of local German politics can trigger contagion and banking crises across Europe, making a mockery of Mario Draghi’s “I will do whatever it takes” (Merkel, Bundesbank, Constitutional Court and German public opinion permitting must now be the caveat!) to save the Euro.