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.
China's Filmmakers Get Hollywood Branding
25:08 - China is coming to a theatre near you. Chinese production companies are taking star billing alongside the Hollywood studios as they pump more and more money into new releases. Bloomberg's Anousha Sakoui reports on "First Up." (Source: Bloomberg)
  • Abenomics Starting to Look Like a Failure
  • Olam CEO: Mitsubishi Deal Will Create Opportunities
  • China Said to Intervene to Bolster Stocks