US dollar looks like pulling back from here.
--
The insolvency of the Cypriot banks should not be an issue
for the Euro and stock markets as western banks have little
exposure to the crisis.
--
The bigger issue is Italy which is still without a govt.
Markets are still hoping that Berlusconi lends support to the
center left party to prevent another election in which the protest
vote is likely to be even larger than before. With bad debts
continuing to pile up it won't be long before more Italian banks
become insolvent and need to be bailed out.
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Posted by rixx on 24th of Mar 2013 at 08:32 pm
US dollar looks like pulling back from here.
--
The insolvency of the Cypriot banks should not be an issue for the Euro and stock markets as western banks have little exposure to the crisis.
--
The bigger issue is Italy which is still without a govt. Markets are still hoping that Berlusconi lends support to the center left party to prevent another election in which the protest vote is likely to be even larger than before. With bad debts continuing to pile up it won't be long before more Italian banks become insolvent and need to be bailed out.