I am reading Moisés Naím's book, "The End of Power", at the same time that Cyprus is having a very bad night. From Paul Krugman's piece below, I conclude, that Germany has power over Cyprus, contrary to Naím's concept of power decay. It may be true that old ways to look at power do not work anymore, but as long as there are human beings, power relations are unavoidable.
My conclusion tonight is that I shouldn't expect an ATM when I visit Cyprus, and expect to get my dollars, just as if I was in Warrenville.
Going back to my childhood, when a dollar was worth 12.50 Mexican pesos, and everybody wanted to have real dollars, not pesos :(
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