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.

Credit Suisse's Parker Sees Two Fed Hikes in 2017
18:08 - Credit Suisse Senior Advisor Bob Parker weighs in on Fed policy and discusses his outlook for the markets. He speaks on "Bloomberg Daybreak: Europe." (Source: Bloomberg)
  • Starbucks CEO Howard Schultz on First Roastery in Italy
  • Former Saudi Oil Minister Focuses Beyond Oil
  • Starbucks CEO Says Young Italians Excited About New Store