Commentary
Uri Dadush
{
"authors": [
"Uri Dadush"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "",
"centers": [
"Carnegie Endowment for International Peace",
"Carnegie Europe"
],
"collections": [],
"englishNewsletterAll": "",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie Endowment for International Peace",
"programAffiliation": "",
"programs": [],
"projects": [],
"regions": [
"Western Europe",
"North America"
],
"topics": [
"Economy",
"Trade",
"EU"
]
}
Source: Getty
In The Media
Cyprus and the Euro Crisis
The Cypriot banking crisis reveals the danger of the euro crisis incapacitating Europe and the global economy more broadly.
By Uri Dadush
Published on Mar 20, 2013
Source: NPR To The Point
Speaking on NPR's To the Point, Carnegie's Uri Dadush discussed the state of the banking crisis engulfing Cyprus and its implications on the euro zone. After Cypriot politicians ruled out an ECB levy on bank deposits, which are seven times larger than Cyprus' GDP, banks continued closure for yet another week. Dadush asserted that the ECB's decision to pursue the tax on deposits was "legally dubious, morally unjustified, managerially inept, and economically stupid." Setting a very dangerous precedent and potentially unleashing a panic and bank run, the pressure on countries in Europe continues to grow. Dadush suggested other channels through which the adequate funding would reach Cyprus, including the restructuring of government debt or perhaps borrowing against the collateral of its expected gas bonanza.
About the Author
Uri Dadush
Former Senior Associate, International Economics Program
Dadush was a senior associate at the Carnegie Endowment for International Peace. He focuses on trends in the global economy and is currently tracking developments in the eurozone crisis.
- The Labors of Tsipras
- Greece, Complacency, and the EuroIn The Media
Uri Dadush
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie Endowment for International Peace
- There Is No Shortcut for Europe in ArmeniaCommentary
Europe has an interest in supporting Armenian leader Nikol Pashinyan as he tries to make peace with neighbors and loosen ties with Russia. But it is depersonalized support in the long term, not quickfire flash, that will win the day.
Thomas de Waal
- Is China’s High-Quality Investment Output Economically Viable?Commentary
China’s rapid technological progress and its first-rate infrastructure are often cited as refuting the claim that China has been systematically overinvesting in non-productive projects for many years. In fact, as the logic of overinvestment and the many historical precedents show, the former is all-too-often consistent with the latter.
Michael Pettis
- The Much-Touted Middle Corridor Transport Route Could Prove a Dead EndCommentary
For the Middle Corridor to fulfill its promises, one of these routes must become scalable. At present, neither is.
Friedrich Conradi
- The EU Equivocating on Turkey Is Bad GeopoliticsCommentary
Following Ursula von der Leyen’s gaffe equating Turkey to Russia and China, relations with Ankara risk deteriorating even further. Without better, more consistent diplomatic messaging, how can the EU pretend to be a geopolitical power?
Sinan Ülgen
- India’s Press Note 3 Gamble: Opening the FDI Door to ChinaArticle
On March 10, 2026, India’s Union Cabinet approved amendments to Press Note 3, a regulation that mandated government approval on all foreign direct investment (FDI) from countries sharing a land border with India. This amendment raises questions primarily about whether its stated benefits will materialize and if the risks have been adequately weighed. This piece will address the same.
Konark Bhandari
