Memo From Frankfurt: Risk of Greek Euro Exit Has Europe Making Plans
The debate about Greece’s exit from the euro zone is moving from “if” to “how,” and secret contingency planning appears to have begun in case events spin out of control. full story
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Moody's: Cyprus Euro Exit Risk Substantial
Though it may seem a little like stating the obvious to many, Moody's comments: While the risk of a euro exit by Cyprus is substantial... ...following the economic dislocation that will be caused by the restructuring of the island's two largest banks and the imposition of capital controls in the country, it is possible that the risk of euro exit will increase further. And so...
zerohedge.com (1 month and 21 days ago)
Europe Markets: Investors exit euro, flee to buck on Cyprus plan
The euro was at the epicenter of a selloff for financial markets on Monday as investors sought safety in the dollar after Cyprus announces plans to impose a one-time levy on bank deposits as part of a sovereign bailout deal.
marketwatch.com (2 months and 3 days ago)
Banks Dust Off Plans In Case of Euro Exit
As nerves build that Cyprus might drop out of the euro, banks and currency-trading system operators are ready with the breakup contingency plans that many last reviewed for Greece.
wsj.com (1 month and 27 days ago)
Fitch Raises Greece's Credit Rating
Fitch Ratings upgraded Greece's sovereign credit rating a notch, citing Athens's progress in tackling its budget deficit and rebalancing its economy, along with a reduced risk of a Greek exit from the euro zone.
wsj.com (5 days ago)
JPMorgan On The Inevitability Of Europe-Wide Capital Controls
With the Cypriot government still 'undecided' about what to 'take' and the European leaders very much 'decided' about what to 'give', the fact of the matter is, as JPMorgan explains in this excellent summary of the state of affairs in Europe, that because ELA funding facility is limited by the availability of collateral (and the haircuts applied to those by the central...
zerohedge.com (1 month and 26 days ago)
How to save the European Union | George Soros
There is a strong case for Germany to make a definitive choice whether to accept eurobonds or to leave the euro• The speech in fullThe euro crisis has already transformed the European Union from a voluntary association of equal states into a creditor-debtor relationship from which there is no easy escape. The creditors stand to lose large sums should a member state exit the...
guardian.co.uk (1 month and 9 days ago)
Euro Exit Scenarios
On Friday, I spoke at an interesting workshop in London titled “How Costly Would a Euro Exit Be?” organised by Anil Kashyap of the Chicago Booth business school.
forbes.com (3 months and 7 days ago)
Key players in Cyprus' financial drama
FRANKFURT, Germany (AP) — The government of Cyprus is trying frantically to come up with a Plan B to avoid the country's financial collapse and possible exit from the euro currency union.
boston.com (1 month and 27 days ago)
Key players in Cyprus' financial drama
FRANKFURT, Germany (AP) -- The government of Cyprus is trying frantically to come up with a Plan B to avoid the country's financial collapse and possible exit from the euro currency union....
ap.org (1 month and 27 days ago)
Currencies: Euro back above $1.30 after Cyprus deal
The euro appreciates against the dollar and other major currencies as news of Cyprus’s bailout agreement with its international lenders eases worries of its exit from the common currency bloc and leads investors to take on more risk.
marketwatch.com (1 month and 24 days ago)
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