Detail The Midget and the Mighty; Cyprus, France and the Euro-zone Crisis   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 400 no. 8745 (Aug. 2011), page 59. Topik: International; Economic Conditions; Economic Crisis; Many Countries Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.67 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel It started in Greece, and has spread steadily since. This week's episode of the euro-zone crisis has focused on Spain and Italy, but other countries, at both ends of the size spectrum, keep coming into view. Cyprus, a midget within the monetary union, has been pushed to the brink of a bail-out. France is still in the rescuers' camp, but it, too, is starting to attract attention. Cyprus's outsize banking sector, with assets of more than seven times GDP, is heavily exposed to Greece. In a "mild" stress scenario, featuring a haircut on Greek government bonds and losses on private-sector loans, Moody's, a ratings agency, estimates that Cypriot banks will require a capital injection worth 16% of the island's GDP. Domestic deposits were down in four of the first six months of the year, including a particularly steep drop in June. The shares of the largest listed banks have lost around half of their value so far this year. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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