Louise Cooper

Forget Cyprus, the real savings robbery is in Britain

What’s happening quickly and loudly in Cyprus is happening slowly and stealthily here

There are many reasons that the fate of Cyprus is being followed so closely in Britain. One is sympathy for those who are about to pay the price for the sins of a banking sector that was at one point seven times the size of the island’s economy. Another is shock at how the island, to which Britain granted independence just 53 years ago, now finds itself caught between Berlin, Moscow and Brussels.

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