europe

  • Cyprus and Europe's mounting malaise

    Cyprus is more than the sad story of a small economy which allowed its banks to grow irresponsibly. It is also points to shifts in the determinants of European stability.

    By Mohamed A. El-Erian

    FORTUNE -- Many are hoping that, after dominating the headlines for almost two weeks now, the tiny island of Cyprus will soon return to virtual obscurity in the global financial media. For this to happen, the latest MORE

    Mar 27, 2013 1:38 PM ET
  • Cyprus: The worst is yet to come

    Despite an eleventh-hour deal, the fallout from the Cypriot crisis is far from over.

    By Cyrus Sanati

    FORTUNE -- The banking crisis in Cyprus is far from resolved and will almost certainly morph into a far more serious sovereign debt crisis in the near future, threatening investors around the globe. The revised bailout agreement hatched over the weekend will still leave the island nation's banking-centric economy in ruin, thus limiting the government's ability MORE

    Mar 26, 2013 9:27 AM ET
  • Bank run expert: Cyprus' plan was 'absurd'

    When a bailout is worse than the illness.

    FORTUNE -- You can thank Cyprus and Europe's leaders for making our $700 billion bank bailout look good.

    The plan to impose a tax on bank deposits to help pay for the bailout of Cypriot banks was "absurd," says Philip Dybvig, one of the world's leading economic experts on banks and financial crisis. Back in 1983, Dybvig co-authored, along with University of Chicago economist MORE

    - Mar 19, 2013 4:17 PM ET
  • Cyprus 'crisis' may be short-lived

    European leaders have strong incentives to try and smooth over this 'crisis' by signaling that Cyprus is a unique and extreme case.

    By Matthew Hedrick, Hedgeye

    FORTUNE -- The market's reaction to Cyprus's bailout is overdone, and these 'crisis' conditions will be short-lived.

    A quick update on the latest development is that parliament has delayed until Tuesday a scheduled vote on the proposed bailout, namely on the levying of a one-time tax MORE

    Mar 18, 2013 1:43 PM ET
  • Why Cyprus matters to U.S. investors

    Wall Street is heavily invested in bank debt across the European Union. If banks begin falling as a result of the Cyprus 'bailout,' investors in the U.S. will feel the loss.

    By Cyrus Sanati

    FORTUNE -- The terms of the Cypriot "bailout" announced late Friday are simply atrocious and should be revised to protect small depositors to avoid potentially crippling bank runs from popping up across Europe. Forcing bank losses on MORE

    Mar 18, 2013 11:07 AM ET
  • European bonus caps won't see the light of day

    Proposed limits on banker bonuses would cause the slow death of what continues to be - despite overregulation and higher taxes - a very profitable industry for Europe.

    By Cyrus Sanati

    FORTUNE -- The European Union and Switzerland would be wise to rethink recently proposed policies restricting bonus payouts. The new rules, which cap bonuses for banking employees in the EU and for all employees of publicly-traded companies in Switzerland, could MORE

    Mar 5, 2013 11:31 AM ET
  • How the U.K. can turn its debt downgrade around

    Don't be fooled by the market's non-reaction to the downgrade of the United Kingdom's debt. The government must give the perception that the country is a safe haven for foreign investors.

    By Cyrus Sanati

    FORTUNE -- The loss of the U.K.'s coveted AAA credit rating shouldn't be taken lightly. While some might try to downplay the significance of the loss, the bruise to the nation's credibility could have painful economic consequences MORE

    Feb 26, 2013 5:00 AM ET
  • Are the French really that lazy?

    A U.S. manufacturing executive ignited a firestorm after calling the French economy uncompetitive due to its unproductive labor force. He has a point.

    By Cyrus Sanati

    FORTUNE -- The explosive reaction in France to a letter penned by a little-known U.S. tire executive, which questioned the productivity of French workers, has quickly gone from comical to troubling. Instead of opening a discussion in the country as to the possible merits of MORE

    Feb 22, 2013 11:16 AM ET
  • Private equity's European land grab

    Why U.S. private equity firms are quietly snapping up buildings in Europe at bargain prices.

    By Charles Wallace, contributor

    FORUNE -- The Blackstone Group has raised a dedicated $4 billion European real estate fund; David Abrams, head of European real estate investment for Apollo Global Management, says his firm has made 30 investments this year in the U.K., Germany, Ireland, and Spain; the Carlyle Group is buying mainly in Northern Europe, MORE

    Dec 17, 2012 5:00 AM ET
  • Finding the beauty in ugly markets

    Even in tough spots like Europe and Japan, MFS International Value Fund's Barnaby Wiener sees stocks that he thinks can deliver.

    By Mina Kimes, writer

    FORTUNE -- Markets across the globe are in a state of tumult, but Barnaby Wiener, who runs the $5.8 billion MFS International Value Fund (MINIX), isn't breaking a sweat. Wiener (pronounced wee-ner) is a long-term investor who picks stocks on an individual basis, and he thinks the MORE

    Sep 13, 2012 5:00 AM ET
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