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My thoughts on the Cyprus bailout
Here are some quick points on the Cyprus deal which the Eurogroup agreed to last night. The agreement outline is very much along the lines of what I have been recommending regarding bail-in guidelines and is therefore a much fairer deal…
Cyprus Bailout Deal Terms
The Cyprus bailout deal has the following terms as approved by the Eurogroup:
Running through unilateral Cyprus exit scenarios
It occurs to me that the sovereign debt levels in Cyprus are unsustainable. As I have said previously, I believe this will lead to a government bond default. And given that capital controls already exist, the move to eurozone exit is much…
The Economy in the United States and the United Kingdom
Quick note here on the US and the UK to change things up a bit from the Cyprus obsession.
De Grauwe: Euro area in ‘deep trouble’
Paul De Grauwe, a professor at the London School of Economics, told Tom Keene on "Bloomberg Surveillance" today that the euro area is at risk because "so many big mistakes have been made." De Grauwe went on to say that the "ineptitude of…