Research (Česká spořitelna)
Markets  |  March 05, 2013 09:57:16

EMU rescues Cyprus


EMU finance ministers yesterday decided that saves Cyprus and that the details will be the end of March. Cyprus has asked for help last summer, but the previous government EMU somehow failed to agree. The new government since last month is probably more accessible, maybe even on measures to prevent money laundering (which is the main problem with Cyprus to Germany et al.) And so-called bail-in (ie, to the costs involved in rescuing banks depositors who are often from Russia or, and this may be another problem in relations with Britain, from Britain).

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