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Cyprus Never Let a Crisis Go to Waste.
So how can it be that a $22bn economy can be the dominant global topic for conversation for a full week? I am fond of saying that China (at least in 2011) was creating the equivalent of another Greece every 12½ weeks. China creates another Cyprus every week. If Cypriot banks reopen next Monday, in the time they have been shut, China has created another Cypriot economy. Cyprus has now, in my view, become the epicentre of a number of major strategic issues. I can think of at least four (but there are probably more):