Wednesday

18th Jan 2017

Ticker

Bank of America: Only ECB can contain Cyprus exit fallout

Bank of America-Merrill Lynch counts on the eurozone to bail out Cyprus. But in case Cyprus exits the euro, "the shock would be contained geographically and in magnitude" only if the European Central Bank steps in and protects other southern euro-countries with cheap loans and by buying up their bonds.

News in Brief

  1. Europe has no vision, says Italian minister
  2. Juncker has 'slight doubts' to his group's convention idea
  3. EU parliament spat changes nothing, says Juncker
  4. German elections likely on 24 September
  5. Maltese PM announces plan for Brexit summit
  6. EU needs more Turkey-style migrant deals, Malta PM says
  7. Dutch minister: Don't underestimate risk of hacking
  8. European court rules against Russia adoption ban on US

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