Alle. Alle så dette komme. Bortsett fra EU? #TimDuy #Oversikt

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.»

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