Why Cyprus Might Need Another Bailout

Apr. 1 (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.

U.S. Economy Grew at 2.1% Pace in Fourth-Quarter
45:12 - U.S. economic growth surprised to the upside in the fourth-quarter at 2.1 percent, along with better than expected data on personal consumption and core PCE. Bloomberg's Jonathan Ferro and Alix Steel report and Steven Ricchiuto, chief U.S. economist at Mizuho Securities, joins the conversation on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
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