El-Erian: Unfortunately, the Cyprus Crisis Is Not Yet Over

Draconian capital controls have restored a sense of calm to a disorderly situation in Cyprus. At best, this is a short reprieve. If not followed by more fundamental (and inevitably controversial) decisions, it will just be a matter of weeks before the controls go from being a temporary solution to becoming part of an even deeper problem, writes Mohamed El-Erian, the CEO and Co-CIO of Pimco.