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Cyprus Heads Toward Exit, Leaving Greece as Last Bailout Member
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The 2010 and 2011 EU stress tests that failed of Laiki Bank and Bank of Cyprus- origins of the banking crisis in Cyprus
07/16/2011
The two Cyprus banks passed the EU's 2010 stress tests, and passed them again in 2011, going on to give out dividends and increase their exposure to Greece, even as Greece faced a deepening financial crisis. The two banks increased their holdings of Greece's bonds by $1 billion in 2010, according to EU regulators, and took on more risks. The EU stress tests looked at how the banks would do in deteriorating economic conditions but did not consider the possibility of losses from sovereign government bonds.
Grouped Articles
Wall Street Journal 07/16/2011
Europe Fails Another Stress Test
Wall Street Journal 07/16/2011
IMF Chief's Change of Tune on Bank Capital
New York Times 09/14/2011
IMF Urges EU Banks To Raise Capital
Wall Street Journal 09/22/2011
Piraeus Bankâs Michalis Sallas Reaches the Top in Greece
New York Times 06/10/2013
Stress Tests Won't Prevent the Next Financial Crisis
Wall Street Journal 03/19/2014
The debt and banking crisis in Cyprus- 2010-2013
03/26/2013
Grouped Articles
Cyprus Heads Toward Exit, Leaving Greece as Last Bailout Member
Wall Street Journal 03/04/2016
Europeans Planted Seeds of Crisis in Cyprus
New York Times 03/26/2013
Head of Cyprusâs Biggest Bank Resigns
New York Times 03/26/2013
In Cyprus, Big Losses Expected on Deposits
New York Times 03/26/2013
Germany Faces Criticism in Cyprus for Policies on Bailout Program
New York Times 03/27/2013
Wall Street Journal 03/28/2013
The views of the IMF, ECB and the governments of Germany, Netherlands, Baltics, on the bailout in Cyprus
03/25/2013
The IMF pushed for investors to share the cost of a bailout in Cyprus. The Netherlands finance minister who heads the EU finance ministers group pushed strongly for this. The president of Estonia was quite vocal about the fact that Russian oligarchs were using Cyprus as a tax haven. He said the EU could not agree to "money laundering."
Grouped Articles
Policy âTroikaâ for Europe Financial Woes at Odds
New York Times 06/07/2013
In Autumn Statement, George Osborne Points to Economic Success
New York Times 12/03/2014
Cyprus Heads Toward Exit, Leaving Greece as Last Bailout Member
Wall Street Journal 03/04/2016
Cyprus Bailout Shows Strictness but Signs of Disarray
New York Times 03/25/2013
Germany Faces Criticism in Cyprus for Policies on Bailout Program
New York Times 03/27/2013
Wall Street Journal 03/28/2013
Capital inflows of hot money, the lack of capital controls and the financial crisis in Cyprus
09/21/2011
Capital inflows into Cyprus accelerated after it appeared that Ireland's banking system had serious problems. This happened through demand deposits that could be withdrawn quickly. The problem of volatile capital flows is similiar to that faced by Asian countries in the 1997 Asian banking crisis when capital outflows came at the worst possible time for the banks.
Grouped Articles
A Warning Light to Alert the I.M.F.
New York Times 09/21/2011
Cyprus Heads Toward Exit, Leaving Greece as Last Bailout Member
Wall Street Journal 03/04/2016
Cyprus Capital Controls Come Years After They Were Needed
New York Times 03/28/2013
As Banks in Cyprus Falter, Other Tax Havens Step In
New York Times 03/31/2013
The events leading to the March 25, 2013, 10 billion euro bailout of Cyprus
03/26/2013
Grouped Articles
Cyprus Heads Toward Exit, Leaving Greece as Last Bailout Member
Wall Street Journal 03/04/2016
Wall Street Journal 03/26/2013
In Cyprus, Big Losses Expected on Deposits
New York Times 03/26/2013
Germany Faces Criticism in Cyprus for Policies on Bailout Program
New York Times 03/27/2013
Wall Street Journal 03/28/2013
Cyprus Capital Controls Come Years After They Were Needed
New York Times 03/28/2013
The economy of Cyprus
03/24/2013
Grouped Articles
Cyprus Heads Toward Exit, Leaving Greece as Last Bailout Member
Wall Street Journal 03/04/2016
Wall Street Journal 03/25/2013
No Matter Outcome, Cyprus Crisis Is Blow to Business
New York Times 03/24/2013
Wall Street Journal 03/26/2013
In Cyprus, Big Losses Expected on Deposits
New York Times 03/26/2013
Cyprus Capital Controls Come Years After They Were Needed
New York Times 03/28/2013
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