ECB conflicted by Cyprus bail-in
ECB conflicted by Cyprus bail-in
The bail-in of Cyprus – the fifth member country of the euro area to be rescued after Greece, Ireland, Portugal and Spain – has raised significant concerns regarding the use of regulatory forbearance, conflicts of interest, disregard for European Union (EU) laws and statutes, political opportunism and a lack of transparency in decision-making.
The events that unfolded also pose questions about the future role of the European Central Bank (ECB), including the June 2012 European Union (EU) Summit
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