2013

This is a thought experiment. I have written in favour of private sector involvement in the past. And I don't think this is a controversial topic. Where I do have problems with the Cypriot bank saver's tax is in terms of property rights and…

Yet again today, I have a lot of links on Cyprus. I will start making some more pointed commentary behind the paywall today on the goings on there. I have been doing a lot of tweeting on this topic since early Saturday. If you’re not…

The latest news is the bank levy on small deposits could be lifted. As Ryan Avent just tweeted, it was insane in the brain to begin with, wasn't it?

The latest news out of Cyprus is that the Cyrpiot government has delayed the vote on a bank bailout and savers tax by one day to Monday and that it has also extended the bank holiday from just Monday to Tuesday as well. In my view, the news…

News links for 17 Mar 2013

News links for 16 Mar 2013

Moody's issued the following press release yesterday in relation to Argentina's foreign-law sovereign obligations.

This morning we learned that after hours of tense negotiation, Europe has hammered out a 10bn euro "bailout" of Cyprus. I put the term bailout in quotes because the key feature of this deal is the bail-in of Cypriot depositors to the tune…

It is not at all clear where things in Portugal are headed. The economy is in a deep depression. Yet, sovereign bond yields have come down. The Troika is even relaxing Portugal's austerity target, hoping this will drive yields down further.…

News links for 15 Mar 2013