One way or another, the situation is Cyprus likely marks a major turning point in the eurozone crisis. It could be the beginning of true disaster for the zone, eventually leading to a series of sovereign debt defaults and possible exits from the euro area. It could also be the point at which we learn that the eurozone has done enough to shore itself up and regain market confidence, so that a disaster in Cyprus does not spread, now or later, to other vulnerable countries.

Read Here – Brookings