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An Alternative Way to Deal with the Cyprus Co-Op Bank

  • Socialising the losses and privatising the gains

I have written two articles on the subject of “the Deal” sought and negotiated by the Government for privatising the ailing Co-Op Bank in Cyprus.

  • Savvas Savvides
  • StockWatch

I continue here with “Socialising the losses and privatising the gains – Part 3” which provides an alternative proposal than the one that the Government arrived at with Hellenic Bank.

Reko 1aIt makes the argument that the concessions made in desperation to the Hellenic Bank (which was the only bidder) can be employed with less risk for the…

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