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World’s Top Sovereign Debt Expert: Cyprus May Need a Second Bailout

Posted By admin On March 29, 2013 @ 12:20 pm In World News | Comments Disabled

Washington’s Blog [1]
March 29, 2013

Lee Buchheit – the world’s leading expert on sovereign debt – explains the Cyprus fiasco, says that a second bailout may be needed, and explains that the deposit grab in Cyprus has destroyed the taboo against forcing losses on depositors:

Background here [2]here [3] and here [4].


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URLs in this post:

[1] Washington’s Blog: http://www.washingtonsblog.com/2013/03/worlds-top-sovereign-debt-expert-cyprus-may-need-a-second-bailout.html

[2] here: http://www.washingtonsblog.com/2013/03/cyprus-banking-crisis-for-dummies.html

[3] here: http://www.washingtonsblog.com/2013/03/bernanke-fails-to-reassure-over-concerns-of-a-cyprus-style-seizure-of-american-bank-deposits.html

[4] here: http://www.washingtonsblog.com/2013/03/it-can-happen-here-the-bank-confiscation-scheme-for-us-and-uk-depositors.html

[5] Will Russia Kill The Cyprus Bailout?: http://www.prisonplanet.com/will-russia-kill-the-cyprus-bailout.html

[6] Here We Go: Cyprus To Sell €400 Million In Gold, About 75% Of Its Total Holdings, To Finance Part Of Its Bailout: http://www.prisonplanet.com/here-we-go-cyprus-to-sell-e400-million-in-gold-about-75-of-its-total-holdings-to-finance-part-of-its-bailout.html

[7] Russia May Want A Cyprus Naval Port In Exchange For A Bailout: http://www.prisonplanet.com/russia-may-want-a-cyprus-naval-port-in-exchange-for-a-bailout.html

[8] BLOOMBERG: The Cyprus Bailout Is The Worst Thing Europe Has Done In The Entire Crisis: http://www.prisonplanet.com/bloomberg-the-cyprus-bailout-is-the-worst-thing-europe-has-done-in-the-entire-crisis.html

[9] Bank of Cyprus depositors could lose up to 60% of their savings: http://www.prisonplanet.com/bank-of-cyprus-depositors-could-lose-up-to-60-of-their-savings.html

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