Not so lucky Laiki: The Cypriot Bank ruined by its Greek operations and paid for by its depositors in Cyprus?

Here is an update of my detailed paper on the demise of Laiki Bank from the 1901-established Popular Savings Bank of Limassol to the resolution of the Laiki Bank in March 2013. 

I focus on the bank's takeover by the Marfin Investment Group in 2006, its subsequent expansion, the fateful cross-border merger completed in March 2011 that transferred Greek liabilities to Cyprus and attempts to save the bank and its subsequent dismemberment.

I argue that the bank, whilst being no innocent, and its depositors (some more inncoent than others) in Cyprus have been unfairly treated in a bail out marked by inconsistency and expediency.

Many thanks to these guys at PDF Converter who converted my Mac Word doc to PDF for free and preserved the links.