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View Diary: Bank Run in Cyprus, Will it Spread to Southern Europe? (322 comments)

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  •  It was caused by badly stored munitions (0+ / 0-)

    I think it was entirely appropriate for the cargo to be seized and the US was right to expect Cyprus to do so. After that - it was up to Cyprus to figure out what to do with the stuff. If they didn't know what to do with it then they should have turned to the EU to help them properly deal with it. Its' not like you need to be some great expert to realize that large quantities of munitions are dangerous.

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