March 25, 2013 | Daily JAM, Morning Briefing, Short Term |
Asian stocks—and U.S. market so far this morning—are up because to far-away investors the Cyprus story is that euro chaos has been prevented for another day. For Europeans and Cypriots, however, the deal is an invitation to future pain
March 22, 2013 | Daily JAM, Morning Briefing, Short Term |
News released yesterday, March 21, that EuroZone economies contracted at a faster rate in March than in February got largely overlooked. But, it is far more important to the next stage in the euro debt crisis than what happens in Cyprus in the next few days.
March 21, 2013 | Daily JAM, Morning Briefing |
The European Central Bank has given Cyprus an ultimatum: Come up with a plan that can secure approval from the EuroZone countries and the International Monetary Fund by Monday or the central bank will cut off emergency funds to Cypriot banks