Archives for: Bank Run

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Cyprus: Rules for Sanctioned Deposit Confiscations

by Mitch Feierstein about 9 years 4 months ago

THE ENFORCEMENT OF RESTRICTIVE MEASURES ON TRANSACTIONS IN A SITUATION OF EMERGENCY DIRECTIVE OF 2013 Order under articles 4 and 5 WHEREAS there is a substantial lack of liquidity and a significant risk in the outflow of deposits which are likely to endanger the survival of the credit institutions with a chain reaction that could […]

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Lessons from the Eurozone: Some Banks Will Fail

by Mitch Feierstein about 10 years 3 months ago

You know those summer thunderstorms we used to have? You’d be sitting out in a warm garden somewhere, sipping something cold and white, looking at lightning flashing on the horizon and counting the seconds until you could hear the thunder. Well, it’s like that now, only the gap between the flash and the rumble is […]

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The Death of The Euro: What Next?

by Mitch Feierstein about 10 years 3 months ago

I don’t want to crow, but I’ve been predicting this for years: the writedowns of Greek debt, accompanied by swingeing austerity conditions, popular unrest, and (shortly) Greek exit from the Euro. You don’t have to take my word for that: my book, Planet Ponzi, pretty much mapped out the course we’re now taking. But although […]

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