March 28, 2013
Journalists were descending on banks across Cyprus this morning to monitor whether Cypriot depositors would rush to withdraw their cash as the country’s banks opened after being closed for 10 days. So far, however, there have been virtually no drama…
Posted by Open Europe blog team
|
bank capital, bank of cyprus, bank run, capital controls, contagion, Cyprus, deposit levy, depositors, deposits |
March 25, 2013
Everyone, including us, has commented at some point this week about how calmly markets have reacted to the situation in Cyprus. Cue Dutch Finance Minister Jeroen Dijsselbloem. From his interview with Reuters:”What we’ve done last night is what I call …
Posted by Open Europe blog team
|
contagion, crisis, Cyprus, euro, eurogroup, eurozone, eurozone exit, financial markets |
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
|
bail-ins, bailout, contagion, Cyprus, depositors, deposits, eurozone crisis, italy, Spain |
Open Europe is an independent think tank contributing bold new thinking to the debate about the direction of the EU.
