The European response to the crisis in Cyprus has been ineffectual because of events that took place decades ago—including World War 2 and the rise of Hitler. By Daniel Gross

RAYLOKEMarch 24, 2013 at 1:47 PM
Once again, a tiny economy in Europe, Cyprus, is threatening to unravel the global financial system. If you want to understand what is going on, read the Financial Times, or watch CNBC, or get Neil Irwin’s soon to be published The Alchemists: Three Central Bankers and a World on Fire.. Any one of these will help shed light on the fundamental weaknesses of the European arrangement, in which many countries share a monetary policy and currency but have pursued wildly divergent fiscal and bank regulation policies....CONT/-
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