Tim Duy har oversikt fra FT, Karl Whelan, Joseph Cotterill, Edward Harrison, Felix Salmon og tyskerne.
The War on Common Sense Continues – Tim Duy’s Fed Watch: «The details of the Cyprus bailout included a bail-in of bank depositors, small and large alike. As should have been expected, chaos ensued as Cypriots rushed to ATMs in a desperate attempt to withdraw their savings, the initial stages of what is likely to become a run on the nation’s banks. Shocking, I know. Who could have predicted that the populous would react poorly to an assault on depositors?
Everyone. Everyone would have predicted this. Everyone except, apparently, European policymakers.»