Are we not already seeing the mother of all financial crises?
This post was written by Kevin O’Rourke
A genuine question, to which many reasonable answers are no doubt possible:
If this is the cost of leaving the Euro, then what is the opportunity cost of Cyprus leaving the Euro now?
(I mean the opportunity cost to Cyprus, not the rest of us, which is the only thing that should concern Cypriots in a union where it is every nation for itself.)