Financial Markets Haven’t Freaked Out Over Cyprus, But That Doesn’t Mean They Won't
- Created: Monday, 18 March 2013 15:30
The modest declines in financial markets Monday following the Cyrpus news are a sign, says Neil Irwin in today’s Washington Post, “that global investors are betting that the losses being forced upon Cypriot bank deposits will be a one-off situation, and not form a precedent for future aid to banks in Greece, Spain, Portugal and beyond.” However, Irwin says that initial reaction may be proven very wrong, recalling an earlier chapter in Eurozone’s financial crisis that sent the bonds of Ireland, Portugal and Spain into a tailspin.
This Website Is For Financial Professionals Only
- China’s Crash Could Set Off A Trade War In Asia And Cause Chaos In Capitals Across The Globe
- Move along. Nothing to see here.
- China Expert And Money Manager Mark DeWeaver Warns That A Chinese Economic Bust Is Likely And Could Impact Investors Worldwide
- Could Japan's Long Struggling Economy Finally Be Pulling Out Of Its 25-Year Malaise?