Brussels, 21/01/2013 (Agence Europe) - In a report published on Friday 18 January 2013, Deutsch Bank says that a writedown of Cypriot bonds held by private sector investors (PSI) would not be successful because it would not yield much in terms of profits and there would be the danger of a domino effect. The solution could come from income generated by privatisation or, in the worst case scenario, direct recapitalisation of the country's banks by the European Stability Mechanism (ESM).
In an...