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    Something doesn't add up:
    If Cyprus lost 4.5 billion euro in the Greece exposure, but needs a 17 billion euro bailout, that's over 12 billion euro unaccounted for. What happened to all the money that was deposited in Cypriot banks?

    If it all, or mostly, went on toxic investments, then something is very wrong indeed.
    This could spread all through southern Europe, and on further north, and also to Britain.

    Have all banks invested in toxic?

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