Cyprus

Is the Cyprus bailout doomed already?

 Nikos Chrysoloras, EKathimerini, 21 April 2013

The board of the European Stability Mechanism is due to convene via teleconference within the next few days in order to formally approve the Cypriot bailout, opening the way for the disbursement of the first tranche from the 10-billion-euro emergency loan package backed by the EU and the IMF. But is the new deal doomed to fail? Kathimerini discussed the issue with several economic analysts who have been following the case closely. They all seem to agree that the troika’s projections regarding the Cypriot recession are optimistic. The emergence of a funding gap, a second bailout and some form of Cypriot debt restructuring, are almost unavoidable, they claim.

Cautious Optimism from Cyprus

Cautious Optimism from Cyprus

Uri Dadush

April 2, 2013

*Uri Dadush is the director of international economics at the Carnegie Endowment for International Peace.

Cyprus is now receding from the headlines. But the recent financial crisis in the Mediterranean will long be remembered—both for the extraordinarily inept attempt to raid the small island nation’s insured deposits and the backtracking and finger-pointing that followed it.

Europe’s Melt­down

Europe’s Melt­down

David Kotok, chairman and CIO of Cum­ber­land Advi­sors, 
“We do not know how long this game of mon­e­tary quan­ti­ta­tive easing will con­tinue in the world. We do not know when it will sta­bi­lize.

Europe's Disturbing Precedent in the Cyprus Bailout

Europe's Disturbing Precedent in the Cyprus Bailout

March 26, 2013 | 0900 GMT
 

Stratfor
By George Friedman

The European economic crisis has taken different forms in different places, and Cyprus is the latest country to face the prospect of financial ruin.

Moscow's Cyprus Defeat

 Moscow's Cyprus Defeat

Ariel Cohen, Ben Tigay

March 27, 2013

*Ariel Cohen, Ph.D., is senior research fellow in Russian and Eurasian Studies and International Energy Policy at the Heritage Foundation.

The Cyprus Eurocrisis: The Beginning of the End of the Eurozone?

 The Cyprus Eurocrisis: The Beginning of the End of the Eurozone?

Nicos Trimikliniotis, Centre for Research on Globalisation, 26 March 2013

The Cyprus crisis is essentially a Eurozone crisis which threatens the very foundations of the European Union (EU). This small island economy, only 0.2 per cent of the Eurozone, is proving to be ‘systemic’ at the political, social and economic level. The Cyprus crisis is a manifestation of a deep crisis of democracy and equality in EU institutions, which subordinates the democratic will of the people to finance interests. More significantly, it is threatening the European integration project itself as it is only the beginning of a process.

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