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From: [personal profile] koganbot
Guntram B. Wolff: "the value of a euro in a Cypriot bank becomes significantly inferior to the value of a euro in any other bank in the euro area."

Tim Duy: "Is this how the Eurozone experiment will end? Not with a formal 'exit,' but with a return to banking dominated by national boundaries and enforced by capital controls? No longer a true common currency, but a dozen currencies sharing the same name, each with a different value?"
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Frank Kogan

July 2025

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