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The Eurogroup’s decision to tax bank deposits is clearly a “punitive” measure against Cyprus: but it is also an attack that could have a “boomerang” effect, argues the Greek daily, which further points out —
"The Cypriots have nonetheless shown that this ‘punishment’ is a threat to all of southern Europe — and even the entire Eurozone banking system. […] The fact that finance ministers accepted a haircut on deposits shocked public opinion and sent the worst possible message to the markets."
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