Latest update from Cyprus bail out news, Cyprus scrambles to renegotiate bailout, Island's banks are ordered to stay closed for two more days to avoid a bank run, as the government delays vote for the second day running
European Central Bank role in bailout comes under scrutiny, The question facing the ECB after Saturday's deal turned sour is whether it should be so closely associated with a politically contentious rescue package
European Union latest update, Fund managers rail against EU pay curbs, Powerful investor backlash triggered against EU plans to reform pay and bonuses of fund managers across the continent
Eurozone debt crisis latest update, Brussels green light for Italy debt sale, Rome plans to pay arrears owed to private sector via increases in sales of public debt on the market after European Commission eases austerity rules
Investors already worried, Cypriot contagion risk rattles investors, Markets have taken fright at eurozone politicians' apparent continuing propensity for turning a small crisis into a bigger one, with the effects spreading
Latest update from Cyprus banking crisis, Cyprus and banks: Nicosia in a twist, Depositor bail-in is a lesson in what happens when distortions return to normal but for EU banks there are two near-term problems
Meanwhile, Eurozone bond yields jump on Cyprus, Investors take fright as the move to impose a levy on depositors triggers concerns of a further escalation of the eurozone debt crisis
This comment has been removed by the author.
ReplyDeleteThings are bad enough in Greece, Ireland, Portugal, and Spain. But they will get worse as the unemployment rates increase and people take to the streets with increasing frequency.
ReplyDeleteeconomic situation
it is because of the greek consumerisme lifestyle
ReplyDelete