A Closer Look at the EU 28 Economic Growth Rate

Looking at a European average economic growth rate, unemployment rate and GDP to debt ratio is misleading because of countries’ disparate economies.

The Eurozone: A “Cypriout?”

First people were concerned about a Grexit and now it’s the Cypriout. A German euro, a Greek euro, indeed all euros are supposed to be the same money. Traveling across the eurozone, in any of the 17 countries with the…

Deposit Insurance: The Importance of Confidence

Cyprus’s banking crisis made me think of the FDIC sign in my local bank. Located right where I can see it, the reminder inspires confidence. Similarly, on an FDIC web site, they say at the top, “Since the FDIC’s creation in 1933,…

A Bank Run (or Jog): The Cyprus Story

Like New York’s Knickerbocker Bank in 1907 or Jimmy Stewart’s 1930s bank in It’s a Wonderful Life, the ingredients of a classic run include distraught depositors and rumors of a bank’s imminent demise. Now we can add a third bank run…