Cyprus is the latest eurozone country to receive a bailout to save its troubled banks. But the last-minute deal to stave off bankruptucy and a disorderly departure from the euro creates many more problems for Europe. The way the crisis has been managed raises questions about whether the EU authorities have a clear and consistent vision of what to do next.

CALM of a sort has been restored in Cyprus with a last-minute 10 billion euros bailout resolving its immediate banking crisis. But it leaves huge question marks over the future of the Cypriot economy, the euro and the impact on other eurozone countries, with the likelihood that a bank bailout will be followed by bailing out the count...

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Professor Enrico Colombatto
The future of the euro is likely to remain uncertain until the authorities clarify whether they want to print more money to bail out bad banks and irresponsible governments. The euro will stay with us for a long time if they agree on this course of action, but possibly with a weaker image and some countries, such as Germany, could decide to opt out
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