Today's Eurogroup meeting in Dublin shows the sad incoherence of the Cyprus rescue, says Pimco's Mohamed El-Erian. By approving a €10B package, Europe has called on Cyprus to find an additional €6B euros to cover what is now a larger funding hole. It now needs to generate a total of €13B, which is a daunting sum for such a small country. The Troika, says El-Erian, has now botched a Cyprus rescue twice in less than a month. The implications cannot be good for Cyprus - nor for Europe as a whole.
Today's Eurogroup meeting in Dublin shows the sad incoherence of the Cyprus rescue, says Pimco's...
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