NICOSIA | By Aristos Mihailides | After the failure of the EU’s €10bn Cyprus rescue plan, the German Minister of Finance has questioned the island’s low tax regime. However, a well known journalist argues that following the 1974 Turkish invasion, Nicosia had no option but to offer tax breaks.
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.
MADRID| By Luis Martí | Lower ratings undermine market confidence, and weak market conditions are displayed as a major cause of your own lack of confidence. Looping the loop. No wonder investors rely less and less on ratings agencies.
MADRID | By Tania Suárez | Analyst at Hanseatic Brokerhouse, Juan Enrique Cadiñanos believes the US economy’s expansive cycle will not affect the Eurozone because “Europe does not work as a group.”
MADRID | Was it necessary to impose such a hard medicine for a bail-out amounting to roughly €10 billion? The only plausible answer lies in the forthcoming German general elections bound to banish all common sense for future months.
By Euronomist | Being a Cypriot MP probably is today one of the worst jobs in the world. The return to the Cyprus pound does may sound more attractive now.
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.
MADRID | By Javier Flores, analyst at Asinver | The question, of course, is how long it will take for the curve to head downwards. No expansion lasts for ever.