Why Cyprus Might Need Another Bailout

Apr. 1 (Bloomberg Law) -- The sovereign debt crisis in Cyprus marks the fifth European nation to need a bailout in recent memory, but this crisis is unique because European Union regulators are taking the unprecedented step of taxing bank deposits to finance part of the bailout for the nation's banks. Lee Buchheit, sovereign debt guru and architect of Greece's bailouts, tells Bloomberg Law's Lee Pacchia that despite the drastic measures taken, the endgame for Cyprus might be another round of restructuring. "I'm not sure this is over," says the Cleary Gottlieb veteran.

China Outlook: Further Weakness in the Economy?
59:18 - Raymond Chan, Asia-Pacific chief investment officer at Allianz Global Investors, discusses Asian markets in 2016, the outlook for China's economy and where he sees opportunity. He speaks to Bloomberg's Angie Lau on "First Up." (Source: Bloomberg)
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