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Daily Archives: March 25, 2013
Cyprus: a new (old) model for bank insolvencies
This is a game changer at long, long last: a return to a virtuous circle of capitalism where stock and bond investors (which includes firm executives) bear the risk and loss from financial failure NOT TAXPAYERS. Jeroen Dijsselbloem, the president … Continue reading
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Why European depositors are at risk of further losses
Here is a direct video link. “If the ECB’s toolkit can’t save a country that accounts for 0.2 percent of the euro area’s gross domestic product, then how will it provide meaningful support when financial or fiscal difficulties emerge in … Continue reading
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Banks in Europe eyeing deposits to cover gambling losses
“Cyprus and the EU reached a new late-night bailout deal last night that will reduce the chance that Cyprus’s financial system and economy will completely implode. The 10 billion euro deal requires Cyprus to drastically shrink its banking sector, which … Continue reading
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