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The comparison of repercussions from the Greek ‘yes’ and the Cyprus ‘no’, to the troika of EU-ECB-IMF proposals, concerning the bailouts of the corresponding economies, may produce political and financial implications for many Eurozone governments, the EU Commission and the International Monetary Fund. The Greek ‘yes’ is presenting very difficult problems in the longer run, while the Cypriot ‘no’ concentrates those difficulties in the coming days or weeks. The basic difference between the two cases remains the fact that in Greece the source of the illness was government debts and deficits, while in the case of Cyprus it was the tiny economy’s two overgrown banks, Laiki and Cyprus Bank. In both lenders, difficulties begun from the moment they were obliged to suffer a deep devaluation of their investments in Greek government bonds, which lost 53.5% of their nominal value last March, with the deep haircut on Greek sovereign bonds…

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