Münchau: The Cypriot Government Made 3 Huge Blunders This Week, And The Eurozone Is Getting Closer To A Breakup

The FT's Wolfgang Münchau is famous for his gloomy prognostications about the Eurozone, and he's made predictions in the past that the currency bloc would break apart. In a new piece he freely admits to having been wrong, but says he's doubling down, having been inspired in part by the events of this week in Cyprus. First the small picture. He thinks the Cypriot President made three big blunders this week in the wake of his parliament rejecting a one-off deposit levy that would have saved the...