Cyprus – A Total Fiasco

I summarise below (in note form), the current situation in Cyprus. Background: • Cypriot banks are some 8 times larger than the country’s GDP. • Cyprus is one of the 17 members of the EZ. Its small – just 0.2% of EZ GDP, with a population of around 1.1 mn people. • A number of th…

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Cyprus – A Total Fiasco

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