Open Europe Blog

Archives for bail-ins

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…

Posted by Open Europe blog team

Over on his Telegraph blog, Mats Persson argues that, There are two ways to look at the hugely controversial bailout agreed for Cyprus in the early hours of Saturday morning, in which the small island nation – accounting for only 0.2 per cent of eur…

Posted by Open Europe blog team

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