Monthly Archive: March 2013

Mar 28

Sad Cyprus

As banks in Cyprus reopen for business after 10 days, it would appear that international currency and securities markets have taken the latest Eurozone crisis in their stride – “a tempest in a teacup” to quote Jamie Dimon on another occasion. But just as Mr Dimon’s observation failed to sweep JP Morgan’s problems under the …

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Mar 26

The longer term consequences of the Cypriot banking crisis

As the Cypriot banking fiasco stumbles towards a resolution, some financial commentators have noted the comparatively modest impact it has had on bond markets elsewhere in the Eurozone. The conclusion they draw is that the situation in Cyprus poses no systemic threat to the euro and, once their banks reopen, things will continue much as …

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Permanent link to this article: http://www.goldenguinea.com/the-longer-term-consequences-of-the-cypriot-banking-crisis/

Mar 18

How long can Cyprus stay in the Eurozone?

The decision of the Government of Cyprus to impose a one-off levy of up to 10% on Cypriot bank deposits has sent shock waves across Europe. When Mario Draghi announced last year that the European Central Bank was committed to do everything in its power to stabilise the single currency, it was widely assumed that …

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Permanent link to this article: http://www.goldenguinea.com/how-long-can-cyprus-stay-in-the-eurozone/