Cypriot debt deal
Deal Reached on Cyprus… Quiet Day from Data Standpoint
March 25, 2013
An agreement was forged between the creditor troika (ECB, EU, and IMF) and Cyprus that isolates Bank Laiku’s bad assets, permits bailout money to flow, and penalizes large shareholders and bondholders but not other depositors. In the end, other EU governments flinched to avert a crisis. Stocks are up 1.8% in France, 1.5% in Germany, […] More
