Charts we know of the Cyprus crisis
By 2017 the two largest Cypriot banks–Bank of Cyprus and Cyprus Popular–face debt repayments of €11 billion or 86 percent of the whole economy’s output.
By 2017 the two largest Cypriot banks–Bank of Cyprus and Cyprus Popular–face debt repayments of €11 billion or 86 percent of the whole economy’s output.
LONDON | While the average German bank deposits have returned some $130 per $1,000 since 2008, the Cypriot figure almost doubles it. Yield information like this throws a very different light over what is happening this week in Cyprus.
The Spanish banks’ correction in February was 5.2 percentage points higher than the average in the eurozone.
Contagion has been bucked in the eurozone, in spite of the instability markets forecast over Italian politics.
LONDON | The choices look grim for a Chancellor who must reduce the state’s debts and wants to be re-elected.
LONDON | If more than 99% of all European businesses are, in fact, small businesses that shape the true back-bone of the European economy, European governments are clearly missing the chance to generate at least a few millions of new jobs.
Argentina has so far led investors to believe that it is ready to default if necessary to avoid the New York court’s ruling. That reaction, although less than surprising, would worsen further its lack of credibility.
Five years into the most global financial crisis, with continued economic recession and growing unemployment, should the Eurogroup consider a change of course in its meeting today?
LONDON | The two possible responses from Chancellor George Osborne and Prime Minister David Cameron are well known: they could either use again the eurozone card as a scapegoat, or face the UK rating downgrade.
Banks in the US replicate the behaviour of their European colleagues: credit is being stacked in risk-free deposits with the Federal Reserve instead of flowing into the economy.