Seeking Alpha

"The Cypriot package reinforces the fact that existing deposit guarantee schemes are only as...

"The Cypriot package reinforces the fact that existing deposit guarantee schemes are only as strong as the sovereign which backs them; something which is unlikely to go unnoticed in the rest of the region," writes JPMorgan, nearly capsulizing the contagion concern. It's an "uncomfortable precedent" for the longer-term, writes Goldman. The euro (FXE) -1%, but about 70 pips off the overnight lows.
From other sites
Comments (1)
  • The Geoffster
    , contributor
    Comments (4221) | Send Message
     
    When your surety is a bankrupt nation, your guarantee is worth about as much as your property rights.
    18 Mar 2013, 07:32 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs