- Author
- Frank Roels (UGent)
- Organization
- Abstract
- Nobelprize economics C.Pissarides compares the measures of the Troika to a doctor who amputates the leg that hurts. At least 4 sources explain the bad financial condition of the Cypriotic banks as a consequence of the haircut of Greek sovereign bonds, which was decided last year by the same Troika. The Russians as bad boys are brought into the scene, in order to sell to the European public the confiscation of savings. However the Cypriot measures visualize the novel resolution model now valid in the ECB,IMF,Eurogroup of 17 ministers of Finance, and EC. They make the clients pay for any risk their bank carries, even if the risky behavior is someone else's. This policy is interpreted as part of a long term process shifting savings and wealth from the citizens to the financial markets.
- Keywords
- Dijsselbloem, Christopher Pissarides, Greek haircut, Athanasios Orphanides, Andrew Watt, Geert Noels, Hubert Faustman, Paul De Grauwe, Panikos Demetriades, Troika
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Citation
Please use this url to cite or link to this publication: http://hdl.handle.net/1854/LU-3180115
- MLA
- Roels, Frank. “Cyprus: ‘Pijn in Uw Been? De Dokter Snijdt Het Af.’” DEWERELDMORGEN.BE, no. 29 maart, 2013.
- APA
- Roels, F. (2013). Cyprus: “Pijn in uw been? De dokter snijdt het af.”
- Chicago author-date
- Roels, Frank. 2013. “Cyprus: ‘Pijn in Uw Been? De Dokter Snijdt Het Af.’” DEWERELDMORGEN.BE.
- Chicago author-date (all authors)
- Roels, Frank. 2013. “Cyprus: ‘Pijn in Uw Been? De Dokter Snijdt Het Af.’” DEWERELDMORGEN.BE.
- Vancouver
- 1.Roels F. Cyprus: “Pijn in uw been? De dokter snijdt het af.” DEWERELDMORGEN.BE. 2013.
- IEEE
- [1]F. Roels, “Cyprus: ‘Pijn in uw been? De dokter snijdt het af,’” DEWERELDMORGEN.BE, no. 29 maart. 2013.
@misc{3180115, abstract = {{Nobelprize economics C.Pissarides compares the measures of the Troika to a doctor who amputates the leg that hurts. At least 4 sources explain the bad financial condition of the Cypriotic banks as a consequence of the haircut of Greek sovereign bonds, which was decided last year by the same Troika. The Russians as bad boys are brought into the scene, in order to sell to the European public the confiscation of savings. However the Cypriot measures visualize the novel resolution model now valid in the ECB,IMF,Eurogroup of 17 ministers of Finance, and EC. They make the clients pay for any risk their bank carries, even if the risky behavior is someone else's. This policy is interpreted as part of a long term process shifting savings and wealth from the citizens to the financial markets.}}, author = {{Roels, Frank}}, keywords = {{Dijsselbloem,Christopher Pissarides,Greek haircut,Athanasios Orphanides,Andrew Watt,Geert Noels,Hubert Faustman,Paul De Grauwe,Panikos Demetriades,Troika}}, language = {{dut}}, number = {{29 maart}}, pages = {{4}}, series = {{DEWERELDMORGEN.BE}}, title = {{Cyprus: 'Pijn in uw been? De dokter snijdt het af'}}, url = {{http://www.dewereldmorgen.be/blogs/froels/2013/03/28/cyprus-pijn-in-uw-been-de-dokter-snijdt-het-af}}, year = {{2013}}, }