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Tho logo of the Bank of Cyprus is seen at one of its branches in Athens March 17, 2013.
Tho logo of the Bank of Cyprus is seen at one of its branches in Athens March 17, 2013.
(YORGOS KARAHALIS/REUTERS)

BREAKINGVIEWS

Clock is ticking on Cyprus’s other big bank

Reuters Breakingviews delivers agenda-setting financial insight. Its global correspondents react to stories as they develop, delivering sharp and provocative commentary on big financial news as it breaks.

Bank of Cyprus hasn’t really survived the firestorm. Cyprus’s €10-billion ($13.1-billion) bailout, signed off in Brussels in the early hours of March 25, may have spared the country’s largest lender from the aggressive dismembering inflicted on smaller rival Laiki. But that just resets the clock on the next Cypriot bank bailout.