Buchheit: Cyprus Could Need a Second Bailout

Mar. 28 (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.
ISM Manufacturing Data Hints at a Strong Jobs Report
41:44 - Bloomberg’s Michael McKee discusses the ISM manufacturing data, previews the U.S. jobs report and what it all may mean for Federal Reserve monetary policy. He speaks with Stephanie Ruhle and Erik Schatzker on Bloomberg Television's “Market Makers.” (Source: Bloomberg)
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