ATHENS – The Cyprus bailout deal is a watershed in the unfolding eurozone crisis, because responsibility for resolving banks’ problems has been shifted from taxpayers to private investors and depositors. But imposing major losses on Cypriot banks’ depositors violates the deposit-insurance guarantee that forms part of the proposed European banking union, while the imposition of capital controls further erodes the monetary union’s foundations.
雅典—塞浦路斯援助协议是欧元区危机发展的分水岭，因为解决银行问题的责任从纳税人转移到了私人投资者和储户头上。但让塞浦路斯银行储户承受巨大损失违反了存款保险保证，而这一保证又是欧洲银行联盟方案的组成部分，与此同时，资本管制的加强进一步削弱了货币联盟的基础。那么，欧洲在搬起石头砸自己的脚吗？