Le plan de sauvetage de Chypre : frein ou accélérateur du risque systémique en Europe ?
The European institutions have failed on the Cyprus issue, the opportunity to establish their credibility with it. Not only they have not benefited from the modesty of the Cyprus problem to show how they could prevent systemic risks grow in the euro area, but they additionally led an action proved p...
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| Format: | Article |
| Language: | English |
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Association Recherche & Régulation
2013-06-01
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| Series: | Revue de la Régulation |
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| Online Access: | https://journals.openedition.org/regulation/10238 |
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| _version_ | 1832577914764263424 |
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| author | Jean Messiha Frédéric Teulon |
| author_facet | Jean Messiha Frédéric Teulon |
| author_sort | Jean Messiha |
| collection | DOAJ |
| description | The European institutions have failed on the Cyprus issue, the opportunity to establish their credibility with it. Not only they have not benefited from the modesty of the Cyprus problem to show how they could prevent systemic risks grow in the euro area, but they additionally led an action proved pro-cyclical. Thus, faced with the deterioration of the situation in Cyprus, Europe, together with the IMF presented a first bailout, one action –the taxation of all deposits– has resulted aggravate the crisis she wanted to fight.A new plan was made more balanced by the Eurogroup on 25 March 2013. The partial taxation of deposits and the adoption of exchange controls drastically violate the pact of trust that binds far investors and their banks. Cyprus has been under de facto economic tutelage. |
| format | Article |
| id | doaj-art-acd492c47d334a1b89656970867bade3 |
| institution | Kabale University |
| issn | 1957-7796 |
| language | English |
| publishDate | 2013-06-01 |
| publisher | Association Recherche & Régulation |
| record_format | Article |
| series | Revue de la Régulation |
| spelling | doaj-art-acd492c47d334a1b89656970867bade32025-01-30T14:26:27ZengAssociation Recherche & RégulationRevue de la Régulation1957-77962013-06-011310.4000/regulation.10238Le plan de sauvetage de Chypre : frein ou accélérateur du risque systémique en Europe ?Jean MessihaFrédéric TeulonThe European institutions have failed on the Cyprus issue, the opportunity to establish their credibility with it. Not only they have not benefited from the modesty of the Cyprus problem to show how they could prevent systemic risks grow in the euro area, but they additionally led an action proved pro-cyclical. Thus, faced with the deterioration of the situation in Cyprus, Europe, together with the IMF presented a first bailout, one action –the taxation of all deposits– has resulted aggravate the crisis she wanted to fight.A new plan was made more balanced by the Eurogroup on 25 March 2013. The partial taxation of deposits and the adoption of exchange controls drastically violate the pact of trust that binds far investors and their banks. Cyprus has been under de facto economic tutelage.https://journals.openedition.org/regulation/10238financial crisisCyprusregulation of the euro area |
| spellingShingle | Jean Messiha Frédéric Teulon Le plan de sauvetage de Chypre : frein ou accélérateur du risque systémique en Europe ? Revue de la Régulation financial crisis Cyprus regulation of the euro area |
| title | Le plan de sauvetage de Chypre : frein ou accélérateur du risque systémique en Europe ? |
| title_full | Le plan de sauvetage de Chypre : frein ou accélérateur du risque systémique en Europe ? |
| title_fullStr | Le plan de sauvetage de Chypre : frein ou accélérateur du risque systémique en Europe ? |
| title_full_unstemmed | Le plan de sauvetage de Chypre : frein ou accélérateur du risque systémique en Europe ? |
| title_short | Le plan de sauvetage de Chypre : frein ou accélérateur du risque systémique en Europe ? |
| title_sort | le plan de sauvetage de chypre frein ou accelerateur du risque systemique en europe |
| topic | financial crisis Cyprus regulation of the euro area |
| url | https://journals.openedition.org/regulation/10238 |
| work_keys_str_mv | AT jeanmessiha leplandesauvetagedechyprefreinouaccelerateurdurisquesystemiqueeneurope AT fredericteulon leplandesauvetagedechyprefreinouaccelerateurdurisquesystemiqueeneurope |