Why the Deal in Cyprus Sows Seeds for Next Crisis

Europe called a mulligan. Ten days ago, they arrived at a deal to rescue Cyprus in part by taking money out of depositorsâ?? accounts in the countryâ??s banks. The reaction was an unpleasant one, with the precedent of seizing money from European banks even for small depositors whose deposits are theoretically insured prompting new tremors of worry about the euro currency union.