Emerging Europe Economics Update Cyprus crisis could exacerbate slowdown in Russia The loss to Russian investors from the levy on Cypriot bank deposits remains uncertain, but a plausible estimate is somewhere around €5bn. This is fairly small in the grand scheme of things and the... 28th March 2013 · 1 min read
Europe Economics Update Who will be the next Cyprus? Cyprus has shown that even the smallest members of the euro-zone can rock the single currency area. Slovenia is probably the next country most likely to be forced into a bailout programme, but Malta... 27th March 2013 · 1 min read
Europe Data Response Euro-zone EC Survey (Mar. 13) March’s fall in the euro-zone EC Economic Sentiment Indicator (ESI) provides a further sign that the euro-zone economy had started to lose momentum even before the recent escalation of the crisis in... 27th March 2013 · 1 min read
Global Markets Update Too soon to forget about Cyprus The events in Cyprus provide another very visible – albeit extreme – illustration of the financial problems which are holding back the global recovery. Indeed, even though the Cypriot economy itself... 26th March 2013 · 1 min read
Europe Economics Update Capital controls: vital stopgap or dangerous precedent? While capital controls could be crucial to preventing the collapse of the Cypriot banking system in the coming weeks, their persistence or more widespread use would threaten to undermine the basic... 26th March 2013 · 1 min read
Europe Economics Update Cyprus: Disaster averted, but with lasting effects While the Cypriot banking package has averted imminent disaster, the episode will have damaging effects on Cyprus’s economy and has raised new questions over the stability of the currency union. 25th March 2013 · 1 min read
Europe Economics Update What next for Cyprus? The Cypriot Parliament’s overwhelming rejection of the proposed levy on bank deposits adds to the uncertainty surrounding the future of Cyprus and increases the risk of the country eventually exiting... 20th March 2013 · 1 min read
Global Markets Update Will there be more contagion from the crisis in Cyprus? The negative reaction in Europe’s financial markets to the decision to "bail in" depositors in Cyprus has been fairly muted so far. Admittedly, the euro fell below $1.30 against the dollar on Monday... 18th March 2013 · 1 min read
Global Markets Update What the Cyprus crisis means for the rest of the world A further escalation of the crisis in tiny Cyprus may have global implications well beyond the immediate market reactions today. It could influence the course of fiscal policy in the UK and monetary... 18th March 2013 · 1 min read
Europe Economics Update Is Cyprus really a special case? The plan to impose losses on Cypriot bank depositors has potentially serious implications for financial stability in the euro-zone as a whole. Cyprus is arguably a special case, but given remaining... 18th March 2013 · 1 min read
Europe Economics Update Cypriot bail-out struggles continue The Troika and the Cypriot Government have reached a stalemate, with the latter refusing to agree to the terms for a vital bail-out. An agreement should be reached after next month’s election and... 17th January 2013 · 1 min read
Europe Economics Update Could Cyprus be the first domino to fall? The news that Cyprus is about to run out of money has given a dangerous new angle to the euro-zone crisis. The economy is so small that a bail-out would be very cheap, but the Government will be... 22nd November 2012 · 1 min read
