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Cyprus Bailout Worry Rattles the Market - Goldman's Jim O'Neil Tells Us Whether We Should Be Worried

March 18, 2013 | About:

Oh my gosh, we haven't had anything significant to worry about for several weeks. Now here comes this Cyprus headline to the rescue giving CNBC a worry to sell to its viewers.

Goldman's Jim O'Neill

- He is still trying to get his head around what is going on in Cyprus.

- He thinks this is a big deal, and not a good one.

- The big concern is that the EU would back something like this.

- Believes that this deal has to be related to the fact that Germany requires it in order to get this passed through its parliament.

- He can't understand how the EU thinks hitting small savers in this way is appropriate.

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