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View Diary: New Eurogroup Agreement On Cyprus Proves that Democracy Doesn't Matter (24 comments)

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  •  Precedent (1+ / 0-)
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    The precedent has been set.  Spain and New Zealand are already talking "haircut."  Perhaps not at the same levels as Cyprus, but the mere fact that this idea is "catching on" is bad news.  Not just for Cypriots, but for everyone.  EU/IMF/austerity apologists like a certain commenter elsewhere in this thread need to wake up and smell the reality.  

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