In all the stuff about Cyprus in the papers over the last few days, I was unable to find an explanation of why there is a problem in amongst all the coverage of why the various proposed solutions are really problems. So ask Professor Google 'cause cyprus crisis' and the second hit at http://www.abc.net.au tells me what I wanted to know in short order. Grossly over-sized and under-regulated banking sector making dodgy loans, many of them to troubled Greece, plus dodgy government finances. One might quibble about there not being much about dodgy Russian money, but faith in the media is restored.
I also learn that this ABC is the Australian version of the BBC. Not a Murdoch job at all.
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