Comments on: #CypriOut looms http://blogs.reuters.com/felix-salmon/2013/03/21/cypriout-looms/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: GQJFTW http://blogs.reuters.com/felix-salmon/2013/03/21/cypriout-looms/comment-page-1/#comment-46351 Thu, 21 Mar 2013 22:42:25 +0000 http://blogs.reuters.com/felix-salmon/?p=20988#comment-46351 To make matters even worse: the Bundesbank released the median net household wealth for Germany and provided numbers, comparing it to other EU countries http://gqjftw.blogspot.de/2013/03/bundes bank-household-wealth.html

Hint: Germany comes in last compared to France, Italy, Spain and Austria. Italy’s houshold net worth is THREE times higher.

That is something which will reduce the likelyhood of any compromise.

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By: MyLord http://blogs.reuters.com/felix-salmon/2013/03/21/cypriout-looms/comment-page-1/#comment-46350 Thu, 21 Mar 2013 20:00:44 +0000 http://blogs.reuters.com/felix-salmon/?p=20988#comment-46350 Isn’t default the course of least resistance? Small depositors get their money, large ones get wholloped, the banks fail and are replace by others that are solvent. Why would they even want a partial bailout? Better to be done with it entirely and move forward in the black. Iceland, but whether they stay with the Euro or not, not terribly significant.

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By: tonyalfidi http://blogs.reuters.com/felix-salmon/2013/03/21/cypriout-looms/comment-page-1/#comment-46349 Thu, 21 Mar 2013 18:29:50 +0000 http://blogs.reuters.com/felix-salmon/?p=20988#comment-46349 My analysis shows that Cyprus could have easily pleadged its natural gas field as bailout collateral without confiscating savings deposits:

http://alfidicapitalblog.blogspot.com/20 13/03/cyprus-bank-deposit-levy-and-natur al.html

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By: tonyalfidi http://blogs.reuters.com/felix-salmon/2013/03/21/cypriout-looms/comment-page-1/#comment-46348 Thu, 21 Mar 2013 18:26:16 +0000 http://blogs.reuters.com/felix-salmon/?p=20988#comment-46348 My analysis shows that Cyprus could have easily pledged its natural gas discoveries as collateral for a bailout:

http://alfidicapitalblog.blogspot.com/20 13/03/cyprus-bank-deposit-levy-and-natur al.html

They didn’t have to pledge depositors’ accounts at all. Russian or Israeli backing for a pipeline would deter Turkey’s claims on the Aphrodite field.

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By: absinthe http://blogs.reuters.com/felix-salmon/2013/03/21/cypriout-looms/comment-page-1/#comment-46347 Thu, 21 Mar 2013 15:48:12 +0000 http://blogs.reuters.com/felix-salmon/?p=20988#comment-46347 If Cyprus is selling off its future gas revenues, can’t it do so in the form of privatization / land sales / some other form of equity financing, and avoid this silly debt cap requirement? It’s not as if a debt deal is obviously preferable for the Russians anyway at this point.

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