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The EU's decision to impose losses on Cyprus bank depositors may be the moment when the eurozone...

The EU's decision to impose losses on Cyprus bank depositors may be the moment when the eurozone finally took a big step towards ultimate recovery, writes contrarian-minded Simon Nixon. The message sent is the burden of tackling unsustainable debts will fall on a country's creditors rather than be passed to other members. It's probably the same thing Paulson thought when he let Lehman go.
Comments (3)
  • I was gonna read it for a laugh but didn't want to pay for it.
    19 Mar 2013, 07:28 AM Reply Like
  • You should explain to that simple mind what is a creditor!
    19 Mar 2013, 08:11 AM Reply Like
  • And like Lehman's bankruptcy, the law of unintended consequences rears its head. The capital flight into the Bund, and ultimately to Switzerland and the US, will be something to behold.
    19 Mar 2013, 08:29 AM Reply Like
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