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Canadian Value
CanadianValue
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Goldman Sachs' Jim O'Neill Puts the Cyprus Crisis in Perspective

March 25, 2013 | About:

You have to admit that given the size of Cyprus it is a little unbelievable that what is going on with that country's banking system is impacting financial markets globally.

Jim O'Neill thinks that the revised solution to the problem is an improvement. The first draft was done in such a hurried and not well-thought-out fashion that O'Neill understands why it raised some eyebrows.

He does offer some perspective on Cyprus. With the current rate of the Chinese economy that country creates another surprise ($22 billion economy) every week!







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CanadianValue
http://valueinvestorcanada.blogspot.com/

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