Econ Comments & Analysis
WSJ | Deposits Guaranteed Up to $250,000—Maybe
The banking and government-debt crisis in Cyprus has focused everyone's attention on the fact that it is possible for bank depositors to take losses on their deposits. This has surprised many people, who assumed that governments will always bail out depositors in full. But what if the government itself needs a bailout, as Cyprus did?
Blogs
Economist | Debt, growth and competing risks
This is the heart of the matter: if budget cuts, in Europe and elsewhere, have done less to curtail borrowing than hoped and more to raise unemployment than feared, then they have been worse than useless.
