Cyprus bailout delay is justified, but risky
The bailout of the island state would not cost its lenders much. But concerns over money laundering and debt sustainability have made its approval a thorny issue. Withholding the aid for a few months makes sense. But a longer delay can be risky both for both Cyprus and its peers.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.