March 30th, 2013 | by
Stanislas Jourdan | published in Crisis routine | Leave A Comment »
As I said, in my previous post on the matter, Cyprus had two choices: either refuse to bail-in its banks, which implied directly to be ejected form the eurozone, either to balance better who would pay. Therefore Cyprus’ final deal is probably close to a good one.
March 21st, 2013 | by
Stanislas Jourdan | published in Crisis routine | 1 Comment »
While the idea of bailing-in the Cypriot banks was good idea in principle, the way the Cypriot government and the troika implemented was very badly designed – not to say scandalously unfair. Now it’s up to the Cypriot People to demand a better plan. But which one?