Whether he or she is based in Frankfurt or Nicosia, the person who alerted the opposition Democratic Rally (DISY) to…
Update with corrections Fiona Mullen, Director Sapienta Economics Ltd Those who talked up the needs of the banks in recent…
One of the most alarming aspects of the proposed “deposit haircut” being touted in the past week is that it…
**How much do the Cypriot banks hold in Cyprus government bonds?** A report in Der Spiegel on 20 December suggested that the…
Why direct bank recap is critical for Cyprus By Fiona Mullen, Director Sapienta Economics Ltd Published in hard copy on…
If you are wondering why the real estate market has been doing so badly lately, the recently released data on…
Speech given to the accountants’ organization ICPAC outlining several pessimistic scenarios for Cyprus, including disaster for Laiki, a rise in…
The announcement last week that the government had guaranteed that it would buy up to EUR 1.8 bln shares in Cyprus Popular Bank (Laiki) if the bank cannot find other investors was welcome at a time when the news from Greece just kept getting worse.
Cypriot banks would stay the right side of Basel II even with a 50% haircut of Greek sovereign debt but would drop below the stricter level set for the EU-wide stress tests, according to our analysis.