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Europe Daily Bulletin No. 10819

4 April 2013
Contents Publication in full By article 1 / 23
A LOOK BEHIND THE NEWS
A Look Behind The News, by Ferdinando Riccardi: Cyprus and the euro, Turkish approaches and European heritage to respect

The eurozone after Cyprus. Philip Suttle, the chief economist at the IIF (Institute of International Finance) has been the first, as far as I'm aware, to state explicitly that Cyprus should devalue its currency - which would imply its leaving the eurozone. Without doing so, he believes, Cyprus continues to pay the costs linked to the euro - without benefitting from the advantages. What is missing from Mr Suttle's assertion (and from those of the people sharing his opinion) is consideration...