Berlin is right to say no gain without pain

Commentary feature. The Cyprus issue highlights Germany’s difficult position in Europe, says Josef Joffe.

ESO: Background information: Governing Council decision on Emergency Liquidity Assistance requested by the Central Bank of Cyprus http://www.europeansources.info/record/governing-council-decision-on-emergency-liquidity-assistance-requested-by-the-central-bank-of-cyprus/

ESO: Background information: Find all further information in ESO on the Cyprus economic and banking crisis http://www.europeansources.info/advSearchLink?keyword=Cyprus%20economic%20bailout%20&searchOption=all

Spiegel Online International, 20.03.13: Banks on the Brink: ECB May Cut Emergency Funding to Cyprus http://www.spiegel.de/international/europe/ecb-may-cut-emergency-funding-to-cypriot-banks-after-refusal-a-889967.html

The Economist, 30.03.13: Charlemagne, North is north http://www.economist.com/news/europe/21574539-euro-zones-exasperated-north-must-do-more-complain-about-souths-troubles-north

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