While the idea of bailing-in the Cypriot banks was good idea in principle, the way the Cypriot government and the troika implemented was very badly designed – not to say scandalously unfair. Now it’s up to the Cypriot People to demand a better plan. But which one?
Cyprus at crossroads between Europe and Russia
March 21st, 2013 | by Stanislas Jourdan | published in Crisis routine | 1 Comment »
Resolving banking failures through the bail-in
June 11th, 2012 | by Stanislas Jourdan | published in Beyond the crisis, Crisis routine | Leave A Comment »
While the eurogroup welcomed Spain’s demand for a European aid to recapitalize its banking system, and guaranteed a commitment up to 100 bn euros, another solution could be put in place for recapitalizing the spanish banking system : the bail-in.