Let’s see
if this will be “a weekend to remember”… The Special:
Bailout of Cyprus has been updated.
Quote of the Day: Five Minute Macro @5_min_macro: “Cyprus is the equity tranche of Greece.”
Previously on
MoreLiver’s:
Roundups &
Commentary
Frontrunning – ZH
The Lunch Wrap – alphaville
/ FT
Emerging N.Y. headlines – beyondbrics
/ FT
Daily press summary – Open
Europe
Morning MarketBeat: Markets Learning to Speak European
Again – WSJ
The Week Began with a Bang and Ending with a Whimper –
Marc
to Market
Morning
Briefing (EU/US): The options facing Cyprus – BNY
Mellon
EUROPE
Mads
Koefoed: The German Ifo business climate index declined to 106.7 in March. The
decline was mostly due to lower expectations, no doubt affected by the
increased uncertainty in the Euro area fuelled by Cyprus and the Italian elections.
Wealthy Germany – and even more wealthy Italy and Spain – Nordea
Private
households in Spain and Italy are much more wealthy than German
households. This is one of the results of a study that the Bundesbank published
yesterday
Beppe Grillo demands Five-Star Movement
government and euro referendum – Open
Europe
EU anti-fraud office accused of cover-up in
Dalli affair – euobserver
The EU
anti-fraud office, Olaf, has been accused of telling a key witness in the
"Dalligate" affair to lie and of illegally listening in on people's
phones.
The Cypriot
saga has thrown the spotlight on Slovenia, which is also a small euro zone
country struggling with an over-burdened banking sector.
Finnish economy - Business-positive budget – Danske
Bank (pdf)
ASIA
Quitting the Quota – Project
Syndicate
Rather than
rely on unsustainable quotas to curb exorbitant demand for property and cheap
credit, China’s leaders must address its root
cause – the low cost of capital. This will require China to raise interest rates to
market-clearing levels, while maintaining some capital-account control.
OTHER
Great Graphic: US-Euro Area Industrial
Production – Marc
to Market