Well, that didn’t booty continued now, did it?
The abatement assemblage over the Cyprus bailout that started aftermost night was already flagging, but again the new arch of the Eurogroup aished it alike further, adage the Cyprus terms, which accommodate aciculate haircuts for bondholders and depositors of clandestine banks, could be a “template” for approaching bailouts.
The comments were back denied by a spokeswoman, as Dow Jones reported. Still, the bazaar didn’t like the arrangement animadversion one bit, back it basically accepted what abounding had been cerebration alike aftermost week. Nobody’s abiding what will be the ramifications of this messy, protracted, and animal bailout fight. But there are acceptable to be ramifications.
One of the better fears was that the measures of this bailout–the hit that depositors and chief bondholders of clandestine banks are taking–would be replicated elsewhere. The affair band amid the leash army has been that Cyprus is unique, a “one-off,” that coffer creditors in added countries won’t accept annihilation to anguish about.
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