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Archives for eurozone. bail-out

Despite some sizeable differences, EU finance ministers finally managed to reach an agreement on the bank bail-in plans last night (after only 25 hours of talks in the past few days). As always with this type of EU deals, it is a compromise and often a…

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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…

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Update 12:00 18/03/13:Russian Finance Minister Anton Siluanov has had some interesting things to say on the deposit levy (via Reuters): “We had an agreement with colleagues from the euro zone that we’ll coordinate our actions.” “It turns out that the e…

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Well, we said it was going to have an impact well beyond its size (0.2% of Eurozone GDP).Overnight, the Eurozone and Cyprus took the unprecedented step of announcing a tax on depositors in order to raise the necessary funds to recapitalise Cypriot bank…

Posted by Open Europe blog team