Bini Smaghi on Cypriot Banks Levy, Europe Crisis
March 19 (Bloomberg) -- Former European Central Bank Executive Board member Lorenzo Bini Smaghi talks about Cyprus's bailout plan and the outlook for Europe's sovereign-debt crisis. Euro-area finance ministers told Cyprus to raise 5.8 billion euros ($7.5 billion) from bank depositors to unlock emergency loans, maintaining the revenue target while suggesting sparing small-scale savers. Bini Smaghi speaks from the Credit Suisse Asian Investment Conference in Hong Kong with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)
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"Preserving Bombardier C-Series Key Amid 7,500 Job Cuts"
25:44 - Bombardier has announced it will slash 7,500 jobs during a second round of job cuts within the past 8 months. Bloomberg Intelligence Analyst George Ferguson explains whether these cost saving measures were necessary as the struggling aircraft maker awaits $1 billion in federal aid from the Canadian government on Bloomberg TV Canada's The Daily Brief. (Source: Bloomberg)