To the Point
Cyprus and the Euro Crisis
Financial trouble in tiny Cyprus is the latest threat to the entire Eurozone. With their banks in danger, should ordinary Cypriots be taxed to protect wealthy Russians?
By Warren Olney • • 51m ListenFinancial trouble in tiny Cyprus is the latest threat to the entire Eurozone. With their banks in danger, should ordinary Cypriots be taxed to protect wealthy Russians? Would that precedent lead to a run on banks with problems in other countries? We untangle these and other questions. Also, President Obama seeks to reassure Israelis on the first day of his trip, and an unlikely political comeback in South Carolina.
Banner image: People are reflected at a glass door of a closed branch of Bank of Cyprus in Nicosia March 19, 2013. Photo by Yorgos Karahalis/Reuters
In this episode
3 storiesObama Seeks to Reassure Israelis on First Day of Trip
President Obama is in Jerusalem, his first stop before going to Ramallah and Jordan. He made a public appearance today with Israeli President Shimon Peres. Joel Greenberg is Jerusalem correspondent for the Washington Post .
Read the story8 minWill Cyprus Be the Financial Mouse that Roared?
The island nation of Cyprus has 1.1 million people — but it's becoming a threat to the entire Eurozone, which is 317 times larger. It's all about banks structured as tax shelters, often for wealthy Russians, banks now in so much trouble they've asked for a bailout.
Read the story35 minWild Congressional Race in South Carolina
Remember the South Carolina Governor who disappeared for six days , supposedly hiking the Appalachian Trail, though he was really in Argentina pursuing a mistress . Well, Mark Sanford's back in what might offer Democrats a win in one of the reddest states in the US.
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