Cyprus never let a crisis go to waste

Jim O'Neill | Goldman Sachs Asset Management | 25 March 2013


So how can it be that a $22bn economy can be the dominant global topic for conversation for a full week? I am fond of saying that China (at least in 2011) was creating the equivalent of another Greece every 12.5 weeks... China creates another Cyprus every week. 

Cyprus has now, in my view, become the epicentre of a number of major strategic issues. I can think of at least four (but there are probably more):
-  first, the European Monetary Union (EMU), in ...

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