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Jody Corcoran: Cypriot crisis shows that solidarity in Europe is but a false impression

Politicians in Cyprus will soon discover what politicians throughout Europe have already discovered – that the yoke of austerity is relentless and will render useless their pretentions of power.

Until last week, it was tempting to believe that a shift was under way, that the tumbling of governments had made space for the legitimacy of democracy.

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