Agora
Posts by Ilias Siakantaris
Greek crisis redux? Not exactly
This week's explosion of Greek bond spreads and collapse of stocks prompted many people to have a sense of déjà vu. Many editors and analysts jumped in to call the new turmoil a repeat of 2010, when the geometric growth of Greek sovereign bond yields almost brought Europe to its knees.
Contributor: Ilias Siakantaris
Categories: Europe (279), Politics (373), Economy (316), Greece (477)
Cyprus “success” preludes something bigger in European banking
At first, it looked anything but successful. Both Brussels and Nicosia seemed hopeless, had shot themselves in their feet, steamrollered over taboos, destabilised capital flows - created a mega blunder. Yet the Cyprus Gaffe (or Cyprus Rehearsal, or Cyprus Scare) is successful in having produced one sure effect: To make you sweat and scale down your accounts to less than 100K, then run to find the most secure refuge possible for your (depreciating) savings.
Contributor: Ilias Siakantaris
Categories: Europe (279), Economy (316)