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Ex-Cyprus President To Blame For Financial Crisis - Inquiry

Cyprus's former communist president and his government bear chief blame for the island's financial meltdown in March after they failed to control spending and behaved in an imperious manner, an independent judicial inquiry said on Monday. The findings of a three-member panel commissioned by the current center-right government described how fiscal surpluses turned into runaway deficits, unemployment trebled and Cyprus was shut out of international financial markets on the watch ...

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