Overview The European Union is the new sick man of Europe. The effort over the past half century to create a more united Europe is now the principal casualty
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International creditors have said the stumbling block is that they are looking for a way to bail out the country without putting it on an unsustainable debt path. The real problem, though, is German elections in September: Many Germans believe Cyprus is one big money laundromat for Russian crooks, and proposing to bail them out is not a vote winner.