cyprus Archive

Blood sweat and tears without further purpose

>    >   (email exchange) >    >   Dijsselbloem made very clear that the shareholders, then the bondholders and then the >   uninsured deposit holders are at risk when a bank gets into problems. >    Yes. >    >   Looks like eur / usd will go down until Draghi comes out and says that the ECB will do >   whatever ...Read More

Cyprus proposal detail

Proposals from earlier today: ECB guarantees deposits for .25% annual fee ECB takes over regulation, supervision, enforcement of banking regs etc. This becomes the model for regulating all EU banks I finally got a quick minute to add some color to the above proposals from earlier today. With about 70 billion in ...Read More