April 11th, 2013 | by Stanislas Jourdan | published in Crisis routine | Leave A Comment »
Since many of my readers from Cyprus seem curious about the so called “emergency liquidity assistance” (ELA) that have kept the banking system afloat for the last 18 months, I have updated my chart according the latest information released by the Central Bank of Cyprus. Here it is (ELA in red): At end-february, the level […]
March 30th, 2013 | by Stanislas Jourdan | published in Crisis routine | Leave A Comment »
As I said, in my previous post on the matter, Cyprus had two choices: either refuse to bail-in its banks, which implied directly to be ejected form the eurozone, either to balance better who would pay. Therefore Cyprus’ final deal is probably close to a good one.
March 21st, 2013 | by Stanislas Jourdan | published in Crisis routine | 1 Comment »
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?
December 15th, 2012 | by Stanislas Jourdan | published in Crisis routine | 2 Comments »
Current negotiations between the EU and Cyprus’s government towards a bailout deal for over-indebted Cyprus could lead to an important confession from the troika: yes, private investors must and can pay the price of the crisis.
May 11th, 2012 | by Stanislas Jourdan | published in Warning signs | 8 Comments »
The last balance sheet released by the Central bank of Cyprus confirms that the cypriot banking sector is under emergency liquidity assistance injection.
April 25th, 2012 | by Stanislas Jourdan | published in Crisis routine, Warning signs | 1 Comment »
The European Central Bank is suspected to have lent more extra money to banks than we knew so far. While some people suspect spanish banks for being beneficiary of such operations, Cyprus’s banking system could also be concerned. Here are at least some intriguing evidences.
My activity elsewhere