Category: Russia

Cyprus’s economic coma: Part 3, And others die

26 March, 2014 (09:00) | Bailouts, Banking, Cyprus, Economics, Eurozone, Global news, Housing, Recapitalization, Russia, Speculation | No comments

[Continued from yesterday's Part 2 and the preceding Part 1.]   By:David A. Smith   And others die. – Wikipedia’s summary of coma                                                                                                                                               With the Economist’s (March 8, 2014 news article and an editorial (March 8, 2014; brown font) epiphany that maybe the ECB/ IMF ‘rescue’ of Cyprus has been a botch from start to […]

Cyprus’s economic coma: Part 2, A vegetative state

25 March, 2014 (09:00) | Bailouts, Banking, Cyprus, Economics, Eurozone, Global news, Housing, Recapitalization, Russia, Speculation | No comments

[Continued from yesterday's Part 1 .]   By:David A. Smith   After this time, some patients gradually come out of the coma, some progress to a vegetative state – Wikipedia’s summary of coma   Yesterday’s post examined the semi-comatose Cypriot economy, a year after its ECB takeover, and using as source material the Economist’s (March 8, […]

Cyprus’s economic coma: Part 1, Very basic responses

24 March, 2014 (12:00) | Bailouts, Banking, Cyprus, Economics, Eurozone, Global news, Housing, Recapitalization, Russia, Speculation | No comments

By:David A. Smith   Comas can last from several days to several weeks. In more severe cases a coma may last for over five weeks, while some have lasted as long as several years.  – Wikipedia’s summary of coma   Either one of you will survive, or you won’t   A year after the European […]

The demise of deposit insurance: Part 4, “An odd definition of private property”

10 October, 2013 (09:00) | Banks, Cyprus, deposit insurance, deposits, Eurozone, Global news, Law, Markets, Recapitalization, Russia, Speculation, Uncategorized | 1 comment

By:David A. Smith   [Continued from yesterday's Part 3 and the preceding Part 1 and Part 2 .]   As shown in the previous posts, using as a starting point a recent New York Times (August 22, 2013) article on the bank recapitalization mess in Cyprus and how the result has delivered Cyprus’s largest bank into the hands […]

The demise of deposit insurance: Part 3, “As a last resort”

9 October, 2013 (11:42) | Banks, Cyprus, deposit insurance, Eurozone, Global news, Law, Markets, Recapitalization, Russia, Speculation |

By:David A. Smith   [Continued from yesterday's Part 2 and the preceding Part 1.]   As we’ve seen in the two preceding days’ posts, courtesy of a New York Times (August 22, 2013), the fulminations of a certain blogger notwithstanding, the Eurozone’s paymasters have concluded that their Cypriot experiment in capital confiscation has done relatively well […]