19th March 2013 in Business
by Business Editor David Murphy On the surface, the Cyprus bailout may have seemed relatively straightforward. The island originally requested aid in 2011, and it was intended to be a small rescue. Yet the Cypriot aftershock now risks undoing all the progress made to date to calm nerves about the entire euro zone crisis. While it may not damage Ireland, it could make the process of fixing the Irish banking system more difficult.