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.
Hanergy's Li Says Company Inquiry Is ‘Pure Rumor’
36:29 - After a 47% plunge in the stock and a $19B reduction in market value, the chairman of Hanergy Thin Film is speaking out. Li Hejun is standing his ground and calling reports of the company under investigation pure rumor. Bloomberg’s Yvonne Man reports on “First Up.” (Source: Bloomberg)
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