Links: 2013-03-23

News links for 23 Mar 2013 Laiki CEO: bank move will be a disaster for the economy - Cyprus Mail "THE RESTRUCTURING of the island’s second largest bank into a ‘good’ and ‘bad’ bank will mean the end of the Cyprus economy, warned Laiki Bank’s acting CEO Takis Phidias last night.He argued that a small haircut on deposits and an EU bailout would have kept the banks and businesses alive. The option now on the table will lead to loss of deposits and closure of businesses and higher unemployment, said Phidias. " Europe's Money Centers - Business Insider "Again, there are real assets behind most of this debt, so these ratios are not really as scary as they appear. In addition, these money centers are outside of the Euro Zone. I don’t think there is an issue with these. " Cyprus: A poor diagnos...


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