from Macro and Markets

Cyprus Votes Yes

April 30, 2013

Blog Post

More on:

Europe

Budget, Debt, and Deficits

International Organizations

Economic Crises

Cyprus today passed the €10 billion EU-IMF bailout deal by a 29 to 27 vote, so it will receive its first installment of aid next month.  Capital controls (though eased a bit) will remain in place until at least the fall, when the bank restructuring is completed.  New financing gaps are likely to emerge quickly, as the economic assumptions still look too rosy, but the risk of default has diminished for now.

More on:

Europe

Budget, Debt, and Deficits

International Organizations

Economic Crises

Up
Close