Bai ling dating history
Concerns about money laundering delayed the negotiations for the financial assistance of the country, which in turn delayed the resolution of the Cypriot banks.
But since there are talks about a possible bail-in of unguaranteed deposits, in January 2013 deposits in Cypriot banks declined by about €2bn and I expect that even more have left during the past few weeks.
This means that the pool for bailing-in is drying-up quickly and hence urgent action is needed.
The Cypriot government forcefully rejects any calls for bailing-in depositors.
The main arguments against bailing-in, and therefore in favour of bailing-out from taxpayers’ money, are that otherwise investors would demand a higher return when investing in a bank, and lenders would flee at the first sign of trouble.
The main arguments in favour of bailing-in are: · private sector losses should be absorbed by those who took the risk; · it is unfair to burden all taxpayers for the result of risky banking businesses; · an eventual public bail-out even increases banks’ inclination for running risky businesses; · and bank rescues can endanger fiscal sustainability.
And Denmark has a larger and presumably more resilient economy than Cyprus.For example, increasing various taxes, using privatisation revenues or revenues from the recently discovered natural gas fields, would use taxing or the national wealth to bail-out banks. Certainly, this had an impact on other banks in Denmark: Moody’s lowered the ratings of Danish banks due to less implicit state support and spreads and which these banks can borrow went up.Yet the resolution “shocks” were absorbed and there was no contagion for deposits in other countries. Since October 2010, Denmark has an effective resolution regime.The timestamp is only as accurate as the clock in the camera, and it may be completely wrong.Born in the city of Cheng Du in southern China, Bai Ling began her career at age of 14.