Although Cyprus is too small to matter for global financial markets, the crisis there could turn out to be an important precedent guiding how European policymakers deal with future banking problems. In particular, it could affect current plans for a “banking union,” which needs three elements: a single supervisor, a common resolution authority, and a credible system of deposit insurance.
尽管塞浦路斯太小不足以影响全球金融市场，但其危机可以成为欧洲决策者如何处理未来银行业问题的重要指导先例。尤其是它能影响目前的“银行业联盟”计划，该计划需要三个要素：一个单一的监督机构、一个共同的决议机构以及一个可靠的存款保险系统。此次危机中，而塞浦路斯在这三点上都为我们带来了充分的教训。