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.
Valeant CEO: Our Strategy Is Somewhat Contrarian
20:34 - Valeant Chief Executive Officer Michael Pearson discusses the company’s M&A buying streak and why they prefer to implement a contrarian strategy. He speaks with Erik Schatzker on Bloomberg Television's “Market Makers.” (Source: Bloomberg)
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