LONDON — Cyprus’ bailout deal is the fifth agreed on so far in the 17-strong group of European Union countries that use the euro since the debt crisis began in late 2009.
Here’s a look at the rescue programs:
LONDON: Government borrowing costs in Europe's indebted southern countries shot up on Monday as investors began to worry that a vote in Greece could see it become the first country to leave the euro currency bloc. Euro zone debt markets saw a glimpse of the contagion that spooked investors at the height of the debt crisis in 2012, but borrowing costs in Italy, Spain and Portugal were still less than half the levels seen back then.
Here is a note regarding capital flight in Spain and Greece that I received via email.
Capital flight has intensified to record levels in Spain but interestingly leveled off in Greece. Capital flight from Greece is expected to resume when next reported given statements by the Greek president.
The original source of this information appears to be Credit Suisse AG.
Spanish private Sector Deposit numbers dropping at a faster rate