The Euro Is Getting Mauled Right Now, As Talk Of Haircuts Has Everyone Freaking Out Again

We told you last night.

Anytime the word “haircut” is mentioned anywhere in the eurozone, people panic, the currency tanks, and yields blow out, and that’s exactly what’s happening today.

You can see the full text, which is pretty minimal, of the framework proposal here.

Bear in mind that the proposal specifically would exclude existing bank debt, but that never ends up helping calm people much.

By the way, the technical term for hair cut is “burden sharing.”

And here’s the euro.


NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

euro moneygame-us