The Germans want to bankrupt Cyprus

The overwhelming 86% of executives German firms are allowed to go bankrupt, Cyprus, according to a survey conducted by the consulting firm Roland Berger on behalf of the newspaper Die Welt.
As is clear from the survey that 64% of these strains argues that Europeans should not allow them to pressure from Cyprus, while 22% of respondents believes that Cyprus is not a systemic risk to the stability of the eurozone.

Only 10% expressed fear that the possible bankruptcy of the country is a major threat to the common currency against the alternative of bankruptcy Cyprus supports only 3% of the 220 respondents, arguing that the population of the island is not responsible for the mismanagement and therefore , deserves the solidarity of its partners

Bank of America Merrill Lynch

Bank of America Merrill Lynch: How will Europe pay any expense of the euro by Cyprus
Without rescue deal, Cyprus will face an uncontrolled bankruptcy and exit from the euro, warns Bank of America Merrill Lynch today in a report, and stresses that the impact of this will be much worse than those who believe many in Europe .

According to estimates by the firm, the output of Cyprus by the euro will cause an uncertainty shock, although not as strong as that of Lehman Brothers, as now, the economic cycle and leverage in the financial system are at best level.

However, any return to Cyprus pound is expected to "remove" 1 to 2.5 percentage points of GDP for the eurozone in 2013. Given that the firm expects anyway economic contraction of 0.5% this year, estimates that the output of Cyprus from the Eurozone would lead to decline to 3%.



Source: Bank of America Merrill Lynch: How will Europe pay any expense of the euro by Cyprus |

Krugman: Cypriot officials need to hire bodyguards for their families!

Nobel laureate economist Paul Krugman, finds that large depositors will lose about 40% of their money in cyprus ..

"What exactly can the Russians do this? Can sell the euro? Can tear the agreements taxation? Assassinate Cypriot bankers? The Medvedev and his team could not have played worse in this crisis. And it is not exactly clear why they do it. "

"However, if I was a Cypriot official, will be looking for a little more security for my family," concludes Krugman, apparently believing that the Russian mafia will not let pass this turn Cyprus into Europe so simple ..