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The Second Time Unlucky; The Cypriot Deal
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 406 no. 8829 (Apr. 2013)
,
page 67-68.
Topik:
International Finance
;
Bailouts
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.76
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
After a week in which a first, ill-planned Cypriot bail-out unravelled amid consternation at the notion of swiping some of the country's guaranteed deposits, a second rescue deal for the island was reached in the early hours of March 25th. The plan, which bailed in creditors of Cyprus's two biggest banks but spared insured deposits, was an improvement on its predecessor. But as The Economist went to press, the banks were still shut, the economy was braced for disaster and capital controls were in place for the first time in the euro zone's history. A triumph it is not.
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