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.

The World Is Not Levered to the New China: UBS
04:40 - Bhanu Baweja, global head of emerging market cross asset strategy at UBS, discusses the 25th anniversary of the Shanghai Stock Exchange and the outlook for China's economy and emerging markets. He speaks to Bloomberg's Anna Edwards and Guy Johnson on "Countdown." (Source: Bloomberg)
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