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.
Doha Bank CEO: Oil to Bounce Back in Medium, Long Term
18:39 - Raghavan Seetharaman, chief executive officer of Qatar's Doha Bank QSC, talks about China's economy and oil prices. He speaks from Singapore with Angie Lau on Bloomberg Television's "First Up." (Source: Bloomberg)
  • The Company Cleaning Up India's Hotel Business
  • Carnival to Double Cruise Lines in China Market in 2017
  • The Top Stocks to Watch in Asia Today