Cypriots are already going to feel the ferocity from the effects of a recession caused by lower wages and high unemployment, they do not need the additional confiscatory measures of their deposits being taken.
Economists at Citigroup reckon that a fund ought to start with a baseline of 2% of insured deposits, and then top up that amount with an additional premium to reflect the risk that peripheral countries may leave the euro and that their currencies would then depreciate.
The additional capacity of 1 billion cubic feet per day will help Chesapeake efficiently transport the natural gas produce from the shale deposits in Utica to consumers in the region.