''Whatever the outcome, the crisis in Cyprus will have very serious
consequences on the stability of the Eurozone, and the financial centers
of power in Europe - from Frankfurt via London City, all the way to
markets in Paris or Rome.
In all likelihood financial capital will have to seek out another
safe offshore destination to replace Cyprus. And Cyprus will need a long
time to even partially restore its position on the international
financial markets. And that may never happen because capital is very
careful, even fearful.
The crisis in Cyprus will also affect countries in Southeast Europe.
Particularly interesting will be the impact of this crisis on the
Serbian economy, given that it is estimated that Serbian companies and
tycoons have deposited several billion euros in Cypriot banks..''
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