Fitch Russian Banks Risks from Cyprus Likely to be Limited

Fitch Ratings
Thursday 21st March, 2013

Cyprus Stalemate Shows Dangers of Ad Hoc Crisis Response The crisis surrounding Cyprus brings into focus the costs of policymakers’ “muddling through” approach to the eurozone crisis, Fitch Ratings says. Without greater progress and clarity on the terms of financial and fiscal risk sharing between Euro Area Member States, each sovereign and bank crisis prompts an ad hoc response that exacerbates uncertainty and undermines market confidence and financial stability. However, there are no immediate rating implications for other eurozone sovereigns.

Read more

  • No comments yet for this story

  • what do you think

    CAPTCHA Image

    By submitting your comment you agree to Big News Network’s Terms Policies.

    Leave a comment