Betray your bank before Slovenia betrays you

Apr 1, 2013

Betray your bank before Slovenia betrays you

by Jonathan Weil

What’s a Slovenian with several hundred thousand euros in the bank supposed to do? Spread it out among at least a few different banks, that’s what. Or move the money out of the country, while it’s still possible. Imagine what must be on the ...

Mar 30, 2013

Lessons of the Cyprus crisis

The collapse of Cyprus' banking system may have been averted thanks to an international rescue, but causes of the crisis have not been eradicated.

Mar 27, 2013

Slovenia next in line to face debt woe

As soon as policymakers averted a crisis in Cyprus, another appears to be brewing. The latest country to provoke concern is Slovenia. The small former Yugoslav republic took a beating Friday, with long-term bond yields spiking to 5.4 percent amid fears the country would ...

Mar 26, 2013

Cyprus bailout's long-term impact uncertain

European leaders Monday hailed a last-minute bailout for Cyprus as an important step in defending their unified currency, but some officials and analysts questioned whether the deal raised new problems that could still threaten the survival of the euro. The arrangement will grant Cyprus ...

Cyprus scrambles as ECB readies ax

Mar 23, 2013

Cyprus scrambles as ECB readies ax

The eurozone, a centerpiece of Europe’s efforts to knit its far-flung nations into a coherent whole, edged toward rupture Thursday as the European Central Bank said it was ready to pull the plug on Cyprus. The stark ultimatum came in a terse statement Thursday ...

Mar 19, 2013

Eurozone urges Cyprus to shield small savers

The eurozone told Cyprus on Monday to ditch the part of a hugely controversial €5.8 billion ($7.5 billion) grab on savings that stung even the smallest of account holders in exchange for a €10 billion sovereign bailout deal, according to a statement issued after ...

Mar 19, 2013

Cyprus president desperately seeks to stop bank run

Amid fears of a run on bank accounts in Cyprus, President Nicos Anastasiades is trying to persuade lawmakers to back an EU bailout deal that slaps a levy on bank savings. Anastasiades, in an address to the nation Sunday night, said that rejecting the ...