5:52 a.m. CDT, March 22, 2013
The reaction to this weekend's European Union bailout deal for
from initial shock to rather predictable condemnation. " Cyprus Europe
botches another rescue," ran the headline on an editorial in the Financial
Times. "It's as if the Europeans are holding up a neon sign, written in
Greek and Italian, saying â€˜time to stage a run on your banks,' " Paul
Krugman, the economist and New York Times columnist wrote on his blog.