Calculating the Impact of Cyprus’s Bailout

WHAT are the implications of the huge losses — 60 percent — that the Cypriot bailout is imposing on the biggest depositors of that country’s two largest banks?

ECB could take haircut on Greek bonds in 'last chance' plan

European policymakers are working on "last chance" options to bring Greece's debts down and keep it in the eurozone, with the ECB and national central banks looking at taking significant losses on the value of their bond holdings, officials said.