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

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].