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  • Cyprus went completely off the rails by letting its banks place some very bad bets, bets far more driven by politics and friendly alliances than sound financial judgment.Europe,Cyprus,E.U.,Greece,IMF,Switzerland,Turkey,David A. Andelman
    Published Date : Apr 10, 2013, 4:47 PM EDT
  • New Finance Minister Harris Georgiades, right, is seen before the government meeting as Cyprus President Nicos Anastasiades is seen sitting at left, at the presidential palace in capital Nicosia, Cyprus, Wednesday, April 3, 2013.

    Bank employees in Cyprus will walk off the job for two hours to protest against looming job and benefit cuts being taken as part of an international bailout.

    LAST UPDATE : Apr 04, 2013, 7:17 AM EDT