Re: DD's game

Date: 2013-03-22 04:26 pm (UTC)
koganbot: (Default)
From: [personal profile] koganbot
Krugman recommends this summary by Paul Murphy:

http://ftalphaville.ft.com/2013/03/22/1435062/cyprus-just-pop-the-red-pill-please

(You may need to register (for free) at the Financial Times.)

Krugman himself is uncharacteristically hopeful that the resolution will involve kicking offshore depositors in the teeth, which he thinks is the right way to resolve this and achieve a semblance of an Iceland-like recovery. He'd feared that the Cyprus govt. would resist, as they still seemed hopeful of preserving the island's status as a tax haven for Russians.

We'll see.
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Frank Kogan

July 2025

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