Abstract
In the previous chapter, we have examined both the immediate and underlying causes of the crisis. Here we are looking at the final stages of the crisis itself, culminating in the ‘bail-in’ rescue package of March/April 2013. This new and previously untested approach was, it will be argued, the EU-IMF’s latest weapon in its austerity armoury for dealing with financially wayward members of the eurozone.
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Notes
Klaus C. Engelen, ‘From Deauville to Cyprus’, The Magazine of International Economic Policy (2013), pp. 50–53, 73–76.
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© 2015 John Theodore and Jonathan Theodore
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Theodore, J., Theodore, J. (2015). Bailouts and Bail-Ins. In: Cyprus and the Financial Crisis. Palgrave Macmillan, London. https://doi.org/10.1057/9781137452757_5
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DOI: https://doi.org/10.1057/9781137452757_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-137-45274-0
Online ISBN: 978-1-137-45275-7
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