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In the Balance: Cyprus: Small Island, Big Problem

23/03/2013

Cyprus: Small Island, Big Problem

BBC World Service - In the Balance, Cyprus: Small Island, Big Problem

Is the flare-up in Cyprus  more dangerous than those in other Eurozone countries?

Cyprus may be one of the eurozone's smallest members, but our guests this week tell us why small can still equal dangerous.

The eurozone crisis is back, but is this particular flare-up in Cyprus potentially more dangerous than the ones we saw in other EU countries with questionable state finances? Cyprus may be one of the eurozone's smallest members, but our guests this week tell us why small can still equal deadly. One again, it's banks that are causing problems. Join Manuela Saragosa and guests: Katinka Barysch, deputy director of the Centre for European Reform, Maria Margaronis, London correspondent for The Nation and Gabriel Stein, Managing Director at macroeconomic forecasters Stein Brothers. Plus Comedian Colm O'Regan wonders if the Irish have something to learn from plucky Cypriots.

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