Euro zone clamour drowned out Cypriot bank warnings


NICOSIA (Reuters) - Cypriot politicians and bankers were so swept up in the short term benefits of the Mediterranean island's adoption of the euro that they ignored warnings over the resulting lending boom.

The island's 2008 entry to the euro zone was the first in a series of events which have led to a situation in which ATMs in Cyprus may soon run out of cash.

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