Cyprus Is Right to Make the Russians Pay

There's a big difference between insured and uninsured depositors, and there's no good reason why the latter shouldn’t lose more than 10 percent of their savings.

A couple important points might be getting lost amid all the hand-wringing about who will pay for the troubles of Cyprus's banks: There's a big difference between insured and uninsured depositors, and there's no good reason why the latter shouldn't lose more than 10 percent of their savings.

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