Open Europe Blog

Archives for bail-ins

Eurozone finance ministers finally reached a compromise yesterday which will allow the ESM, the eurozonebailout fund, to directly recapitalise ailing banks. This is likely to be an important element of any ‘solution’ to the eurozone crisis, especia…

Posted by Open Europe blog team

This is the question which is now holding global financial markets on the edge – could it really happen and what would it mean, we assess the possible scenarios below.Could the Cypriot parliament vote against the levy? According to Reuters, Cypriot go…

Posted by Open Europe blog team

Analysts – led by Anglo-Saxon ones – have lined up to say that, following the deposit levy as part of the Cypriot bailout, a bank run on the rest of the Mediterranean is now a near certainty. New York Times columnist Paul Krugman went the furthest, arg…

Posted by Open Europe blog team