Eurozone Depositors Can Run But Where Will the EURO Hide?

All eyes are on Cyprus again today as local banks are due to reopen after the government announced capital control measures to prevent a flight of deposits. The ordinary investor remains cautious, with current sentiment further undermined by the Italians’ failure to form a government, and China's tightening of its oversight of that country's rural banks. Throw month-end, quarter-end, and Japanese year-end into the mix and a few fireworks are possible. With the Easter long weekend upon us ...