The news that Cyprus is about to run out of money has given a dangerous new angle to the euro-zone crisis. The economy is so small that a bail-out would be very cheap, but the Government will be particularly reluctant to accept the conditions on which euro-zone governments would have to insist. And if Cyprus left the euro-zone, there is a risk that others would follow.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services