Robert Rubin: Cyprus Indentifies More Problems than Solutions

Econintersect:  Former Treasury Secretary (Clinton administration) Robert Rubin does not see the “settlement” of the Cyprus crisis as resolving anything in the longer term.  The process revealed that the Eurozone (E-17) and the larger E-27 (EU) have no process for managing bank failure.  Rubin summarizes the problems as he sees them in a three-minute YouTube video, accessible after the Read more >> jump.

[Click Read more >> to access video at YouTube.]

Robert Rubin is co-chairman of the Council on Foreign Relations.

See also from the Council on Foreign Relations:

• The Eurozone in Crisis (Christopher Alessi)

• Cyprus Reopens for Business: Now What? (Robert Kahn)

John Lounsbury

Sources:

• Cyprus’s Bailout: Three Things to Know (Robert Rubin, Council on Foreign Relations, 27 March 2013)

• Cyprus’s Bailout: Three Things to Know (Robert Rubin, YouTube, 27 March 2013)