Elliott, Douglas, (2013), “Cyprus May Be a Turning Point in the Eurozone Crisis”, Brookings Institute, 20 Μαρτίου.
One way or another, the situation is Cyprus likely marks a major turning point in the eurozone crisis. It could be the beginning of true disaster for the zone, eventually leading to a series of sovereign debt defaults and possible exits from the euro area. It could also be the point at which we learn that the eurozone has done enough to shore itself up and regain market confidence, so that a disaster in Cyprus does not spread, now or later, to other vulnerable countries. Yet, of course, the result could also be anticlimactic and not a turning point after all. Europe retains the ability to miraculously muddle through, neither truly fixing the Cyprus problem nor allowing it to turn catastrophic, living to fight another day.