My reaction to the final agreement on Cyprus including a link to an op-ed I wrote for the Irish Times.
From the New York Times’s special “Missing the Point” unit comes “For Euro Zone, a Cyprus Exit Would Have Little Impact”. My response (in the form of an Onion-style story).
My latest thoughts: Is Draghi really going to save the euro after this week’s events.
I’ve updated my TARGET2 paper. Here is a post with a link to the new paper and a discussion relating to a potential exit of Cyprus from the euro.
Despite the absence of any panic today at European banks or in financial markets, I believe this weekend’s decision on Cyprus may cause serious trouble in the coming weeks and months. Comments here.
A quick reaction to the Cyprus deposit levy here.
A post about the disappearance of IBRC’s equity that occurred via the promissory note bond swap.