Europe's sovereign debt crisis and the future of the euro
Sovereign debt among many countries in Europe is running dangerously high. If any country defaults, it poses a threat to the rest of the eurozone and to the single currency itself. And if the euro collapses, it would have enormous consequences for world markets and the global economy.
The crisis in Cyprus has struck fear into many of Europe’s other peripheral nations, who worry that they could be next. But the uncertainty spells opportunities for investors, says Matthew Partridge.
Ireland has set the example for the rest of the eurozone to follow.
The fix to the banking crisis in Cyprus will have come as a bitter pill to the country's savers, says Merryn Somerset Webb. But it's one we're all going to have to swallow.