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[...] up to 40%. These actions will be taken using the new bank restructuring plan passed in the Cypriot Parliament on Friday. Crucially, no further vote will be needed in the Cypriot parliament since there [...]
[...] population. Cypriot GDP is likely to collapse in the wake of the deal with the possible capital controls hampering the functioning of the economy. The large loan from the eurozone will push debt up [...]
[...] moral hazard. However, overall, this is a bad deal for Cyprus and the Cypriot population. Cypriot GDP is likely to collapse in the wake of the deal with the possible capital controls hampering the [...]
Authored by Raoul Ruparel, originally posted at Open Europe blog, The most positive aspect of last night’s deal was that a deal was reached at a [...]
[...] . There is a strong chance Cyprus could become a zombie economy – reliant on eurozone and central bank funding, with little hope of economic growth. Meanwhile, the country will remain at the edge of [...]
[...] % -0.9% 11:10am EUR Retail PMI 44.5 11:30am GBP Index of Services 3m/3m -0.2% -0.1% 2:30pm CAD GDP m/m 0.1% -0.2% CAD RMPI m/m 1.9% 3.8% CAD IPPI m/m 0.6% 0.0% USD Unemployment Claims 340K [...]
[...] Sector Credit m/m 0.2% 0.3% 0.2% 9:00am EUR German Retail Sales m/m 0.4% -0.5% 3.0% GBP Nationwide HPI m/m 0.0% 0.2% 0.2% 10:55am EUR German Unemployment Change -2K -3K 11:00am EUR M3 Money Supply [...]
[...] ThuMar 28 1:30am AUD MI Inflation Gauge m/m 0.2% 0.0% 1:50am JPY Retail Sales y/y -2.3% 0.9% -1.1% 2:01am GBP GfK Consumer Confidence -26 -27 -26 2:30am AUD Private Sector [...]
[...] % -0.2% CAD RMPI m/m 1.9% 3.8% CAD IPPI m/m 0.6% 0.0% USD Unemployment Claims 340K 336K USD Final GDP q/q 0.5% 0.1% USD Final GDP Price Index q/q 0.9% 0.9% 3:45pm USD Chicago PMI 56.5 56.8 4: [...]
[...] EUR German Unemployment Change -2K -3K 11:00am EUR M3 Money Supply y/y 3.2% 3.5% EUR Private Loans y/y -0.7% -0.9% 11:10am EUR Retail PMI 44.5 11:30am GBP Index of Services 3m/3m -0.2% - [...]
[...] up to 40%. These actions will be taken using the new bank restructuring plan passed in the Cypriot Parliament on Friday. Crucially, no further vote will be needed in the Cypriot parliament since there [...]
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