Facing a Monday deadline to craft an acceptable deal, the Cypriot parliament granted the government authority to impose capital controls and voted to nationalize some pension funds as part of an asset pooling plan that may ultimately back an ad hoc bond issue. The country may also adopt a good bank/ bad bank model under which Cyprus Popular Bank will be wound down. Parliament will vote over the weekend on a new iteration of the deposit tax and EU officials will convene in Brussels Sunday. Without a resolution, the country faces an all but certain bank run Tuesday morning. [View news story]
MI-
You know you have a point - history is definitely on your side. The pursuit of the dollar (or any currency) has numbed many to any sense of human decency. Those who feel that capitalism should run unfettered without regulation forget we are all human.
My point is that Germany has no stomach now for taking on the responsibility of Europe.
Facing a Monday deadline to craft an acceptable deal, the Cypriot parliament granted the government authority to impose capital controls and voted to nationalize some pension funds as part of an asset pooling plan that may ultimately back an ad hoc bond issue. The country may also adopt a good bank/ bad bank model under which Cyprus Popular Bank will be wound down. Parliament will vote over the weekend on a new iteration of the deposit tax and EU officials will convene in Brussels Sunday. Without a resolution, the country faces an all but certain bank run Tuesday morning. [View news story]
Mmm....we may have killed those kids because of our own megalomaniac.
Facing a Monday deadline to craft an acceptable deal, the Cypriot parliament granted the government authority to impose capital controls and voted to nationalize some pension funds as part of an asset pooling plan that may ultimately back an ad hoc bond issue. The country may also adopt a good bank/ bad bank model under which Cyprus Popular Bank will be wound down. Parliament will vote over the weekend on a new iteration of the deposit tax and EU officials will convene in Brussels Sunday. Without a resolution, the country faces an all but certain bank run Tuesday morning. [View news story]
I'm thinking Hitler, Pol Pot, Genghis Khan, Robert Taylor, and other megalomaniacs, not democracies.
The IMF will slash its forecast for U.S. economic growth in its next World Economic Outlook report, according to Reuters and Italian news agency ANSA. Investors should expect the U.S. economy to grow at just 1.7% in 2013, well below the historical average and 0.3% less than previously forecast. On the bright side, the IMF said last month it could cut its outlook by as much as 0.5% so, in theory, it could have been worse.[View news story]
Mmmmmm......because of Europe's problems? We are own biggest market (Europe being only 4% - I believe that is the number) - too much pent up demand.
Facing a Monday deadline to craft an acceptable deal, the Cypriot parliament granted the government authority to impose capital controls and voted to nationalize some pension funds as part of an asset pooling plan that may ultimately back an ad hoc bond issue. The country may also adopt a good bank/ bad bank model under which Cyprus Popular Bank will be wound down. Parliament will vote over the weekend on a new iteration of the deposit tax and EU officials will convene in Brussels Sunday. Without a resolution, the country faces an all but certain bank run Tuesday morning. [View news story]
Read the article, thanks. If Germany is looking for domination, they are doing it out of perceived necessity and reluctance. Germany would rather not be in this huge mess.
Facing a Monday deadline to craft an acceptable deal, the Cypriot parliament granted the government authority to impose capital controls and voted to nationalize some pension funds as part of an asset pooling plan that may ultimately back an ad hoc bond issue. The country may also adopt a good bank/ bad bank model under which Cyprus Popular Bank will be wound down. Parliament will vote over the weekend on a new iteration of the deposit tax and EU officials will convene in Brussels Sunday. Without a resolution, the country faces an all but certain bank run Tuesday morning. [View news story]
Facing a Monday deadline to craft an acceptable deal, the Cypriot parliament granted the government authority to impose capital controls and voted to nationalize some pension funds as part of an asset pooling plan that may ultimately back an ad hoc bond issue. The country may also adopt a good bank/ bad bank model under which Cyprus Popular Bank will be wound down. Parliament will vote over the weekend on a new iteration of the deposit tax and EU officials will convene in Brussels Sunday. Without a resolution, the country faces an all but certain bank run Tuesday morning. [View news story]
Facing a Monday deadline to craft an acceptable deal, the Cypriot parliament granted the government authority to impose capital controls and voted to nationalize some pension funds as part of an asset pooling plan that may ultimately back an ad hoc bond issue. The country may also adopt a good bank/ bad bank model under which Cyprus Popular Bank will be wound down. Parliament will vote over the weekend on a new iteration of the deposit tax and EU officials will convene in Brussels Sunday. Without a resolution, the country faces an all but certain bank run Tuesday morning. [View news story]
Facing a Monday deadline to craft an acceptable deal, the Cypriot parliament granted the government authority to impose capital controls and voted to nationalize some pension funds as part of an asset pooling plan that may ultimately back an ad hoc bond issue. The country may also adopt a good bank/ bad bank model under which Cyprus Popular Bank will be wound down. Parliament will vote over the weekend on a new iteration of the deposit tax and EU officials will convene in Brussels Sunday. Without a resolution, the country faces an all but certain bank run Tuesday morning. [View news story]
I have to agree - property in Italy is so darn expensive compared to the US. And I envy their way of life.
Facing a Monday deadline to craft an acceptable deal, the Cypriot parliament granted the government authority to impose capital controls and voted to nationalize some pension funds as part of an asset pooling plan that may ultimately back an ad hoc bond issue. The country may also adopt a good bank/ bad bank model under which Cyprus Popular Bank will be wound down. Parliament will vote over the weekend on a new iteration of the deposit tax and EU officials will convene in Brussels Sunday. Without a resolution, the country faces an all but certain bank run Tuesday morning. [View news story]
Markets about even for the week. Remember that Europe was in a shambles after WW2.
Facing a Monday deadline to craft an acceptable deal, the Cypriot parliament granted the government authority to impose capital controls and voted to nationalize some pension funds as part of an asset pooling plan that may ultimately back an ad hoc bond issue. The country may also adopt a good bank/ bad bank model under which Cyprus Popular Bank will be wound down. Parliament will vote over the weekend on a new iteration of the deposit tax and EU officials will convene in Brussels Sunday. Without a resolution, the country faces an all but certain bank run Tuesday morning. [View news story]
Chevron (CVX) and Shell (RDS.A) are among big oil companies making peace with environmentalists, agreeing to a voluntary set of tough new standards for fracking in the Northeast that could lead to a major expansion of drilling. The program will work a lot like Underwriters Laboratories, which puts its familiar UL seal of approval on electrical appliances that meet its standards. [View news story]
If companies only did things right the first time around.
"This is a nuclear war on savings and wealth," writes Jefferies' David Zervos of the Cyprus bailout. "This is a policy move you expect from a dictatorial regime ... not in an EU member state. If the EU governments can clandestinely expropriate 7-10% of their (citizens' savings) after the close of business on Friday night, what else are they capable of doing ... Why keep your money at a Spanish or Italian bank when you can jump to Germany or France ... Why even keep money in the EU banking system at all." [View news story]
Cyprus President Nicos Anastasiades is holding emergency meetings with party leaders and troika representatives after the country's parliament yesterday rejected a proposal to tax bank deposits as part of an EU bailout deal. Salvation could come from Cyprus' orthodox church, with Archbishop Chrysostomos II saying he would mortgage its considerable assets in order to invest in government bonds. Meanwhile, Finance Minister Michael Sarris is in Moscow to see if he can get a deal out the Russians. [View news story]
Yes, let the Russians bail them out, they have the most to lose.
A little breathing room for home owners on the equity they hold in their houses is helping motivate them to jump into more serious home improvement projects, according to an academic study. Spending could climb 20% this year (Sept. to Sept.) despite credit conditions which are still tight. Home Depot (HD -0.8%) and Lowe's (LOW -1.3%) would be pleased to see more kitchen remodels and wine cellars than simple paint jobs and tiling. [View news story]
Facing a Monday deadline to craft an acceptable deal, the Cypriot parliament granted the government authority to impose capital controls and voted to nationalize some pension funds as part of an asset pooling plan that may ultimately back an ad hoc bond issue. The country may also adopt a good bank/ bad bank model under which Cyprus Popular Bank will be wound down. Parliament will vote over the weekend on a new iteration of the deposit tax and EU officials will convene in Brussels Sunday. Without a resolution, the country faces an all but certain bank run Tuesday morning. [View news story]
You know you have a point - history is definitely on your side. The pursuit of the dollar (or any currency) has numbed many to any sense of human decency. Those who feel that capitalism should run unfettered without regulation forget we are all human.
My point is that Germany has no stomach now for taking on the responsibility of Europe.
Facing a Monday deadline to craft an acceptable deal, the Cypriot parliament granted the government authority to impose capital controls and voted to nationalize some pension funds as part of an asset pooling plan that may ultimately back an ad hoc bond issue. The country may also adopt a good bank/ bad bank model under which Cyprus Popular Bank will be wound down. Parliament will vote over the weekend on a new iteration of the deposit tax and EU officials will convene in Brussels Sunday. Without a resolution, the country faces an all but certain bank run Tuesday morning. [View news story]
Facing a Monday deadline to craft an acceptable deal, the Cypriot parliament granted the government authority to impose capital controls and voted to nationalize some pension funds as part of an asset pooling plan that may ultimately back an ad hoc bond issue. The country may also adopt a good bank/ bad bank model under which Cyprus Popular Bank will be wound down. Parliament will vote over the weekend on a new iteration of the deposit tax and EU officials will convene in Brussels Sunday. Without a resolution, the country faces an all but certain bank run Tuesday morning. [View news story]
The IMF will slash its forecast for U.S. economic growth in its next World Economic Outlook report, according to Reuters and Italian news agency ANSA. Investors should expect the U.S. economy to grow at just 1.7% in 2013, well below the historical average and 0.3% less than previously forecast. On the bright side, the IMF said last month it could cut its outlook by as much as 0.5% so, in theory, it could have been worse. [View news story]
Facing a Monday deadline to craft an acceptable deal, the Cypriot parliament granted the government authority to impose capital controls and voted to nationalize some pension funds as part of an asset pooling plan that may ultimately back an ad hoc bond issue. The country may also adopt a good bank/ bad bank model under which Cyprus Popular Bank will be wound down. Parliament will vote over the weekend on a new iteration of the deposit tax and EU officials will convene in Brussels Sunday. Without a resolution, the country faces an all but certain bank run Tuesday morning. [View news story]
Facing a Monday deadline to craft an acceptable deal, the Cypriot parliament granted the government authority to impose capital controls and voted to nationalize some pension funds as part of an asset pooling plan that may ultimately back an ad hoc bond issue. The country may also adopt a good bank/ bad bank model under which Cyprus Popular Bank will be wound down. Parliament will vote over the weekend on a new iteration of the deposit tax and EU officials will convene in Brussels Sunday. Without a resolution, the country faces an all but certain bank run Tuesday morning. [View news story]
Facing a Monday deadline to craft an acceptable deal, the Cypriot parliament granted the government authority to impose capital controls and voted to nationalize some pension funds as part of an asset pooling plan that may ultimately back an ad hoc bond issue. The country may also adopt a good bank/ bad bank model under which Cyprus Popular Bank will be wound down. Parliament will vote over the weekend on a new iteration of the deposit tax and EU officials will convene in Brussels Sunday. Without a resolution, the country faces an all but certain bank run Tuesday morning. [View news story]
Facing a Monday deadline to craft an acceptable deal, the Cypriot parliament granted the government authority to impose capital controls and voted to nationalize some pension funds as part of an asset pooling plan that may ultimately back an ad hoc bond issue. The country may also adopt a good bank/ bad bank model under which Cyprus Popular Bank will be wound down. Parliament will vote over the weekend on a new iteration of the deposit tax and EU officials will convene in Brussels Sunday. Without a resolution, the country faces an all but certain bank run Tuesday morning. [View news story]
Facing a Monday deadline to craft an acceptable deal, the Cypriot parliament granted the government authority to impose capital controls and voted to nationalize some pension funds as part of an asset pooling plan that may ultimately back an ad hoc bond issue. The country may also adopt a good bank/ bad bank model under which Cyprus Popular Bank will be wound down. Parliament will vote over the weekend on a new iteration of the deposit tax and EU officials will convene in Brussels Sunday. Without a resolution, the country faces an all but certain bank run Tuesday morning. [View news story]
Facing a Monday deadline to craft an acceptable deal, the Cypriot parliament granted the government authority to impose capital controls and voted to nationalize some pension funds as part of an asset pooling plan that may ultimately back an ad hoc bond issue. The country may also adopt a good bank/ bad bank model under which Cyprus Popular Bank will be wound down. Parliament will vote over the weekend on a new iteration of the deposit tax and EU officials will convene in Brussels Sunday. Without a resolution, the country faces an all but certain bank run Tuesday morning. [View news story]
Facing a Monday deadline to craft an acceptable deal, the Cypriot parliament granted the government authority to impose capital controls and voted to nationalize some pension funds as part of an asset pooling plan that may ultimately back an ad hoc bond issue. The country may also adopt a good bank/ bad bank model under which Cyprus Popular Bank will be wound down. Parliament will vote over the weekend on a new iteration of the deposit tax and EU officials will convene in Brussels Sunday. Without a resolution, the country faces an all but certain bank run Tuesday morning. [View news story]
Chevron (CVX) and Shell (RDS.A) are among big oil companies making peace with environmentalists, agreeing to a voluntary set of tough new standards for fracking in the Northeast that could lead to a major expansion of drilling. The program will work a lot like Underwriters Laboratories, which puts its familiar UL seal of approval on electrical appliances that meet its standards. [View news story]
"This is a nuclear war on savings and wealth," writes Jefferies' David Zervos of the Cyprus bailout. "This is a policy move you expect from a dictatorial regime ... not in an EU member state. If the EU governments can clandestinely expropriate 7-10% of their (citizens' savings) after the close of business on Friday night, what else are they capable of doing ... Why keep your money at a Spanish or Italian bank when you can jump to Germany or France ... Why even keep money in the EU banking system at all." [View news story]
Cyprus President Nicos Anastasiades is holding emergency meetings with party leaders and troika representatives after the country's parliament yesterday rejected a proposal to tax bank deposits as part of an EU bailout deal. Salvation could come from Cyprus' orthodox church, with Archbishop Chrysostomos II saying he would mortgage its considerable assets in order to invest in government bonds. Meanwhile, Finance Minister Michael Sarris is in Moscow to see if he can get a deal out the Russians. [View news story]
A little breathing room for home owners on the equity they hold in their houses is helping motivate them to jump into more serious home improvement projects, according to an academic study. Spending could climb 20% this year (Sept. to Sept.) despite credit conditions which are still tight. Home Depot (HD -0.8%) and Lowe's (LOW -1.3%) would be pleased to see more kitchen remodels and wine cellars than simple paint jobs and tiling. [View news story]