(Free) Cyprus and the Financial Crisis: The Controversial Bailout and What it Means for the Eurozone






 | #3011457 in eBooks |  2016-01-12 |  2016-01-12 | File Name: B013C5ET4M


||About the Author|John Theodore BA LLM Barrister - at- Law.||John Theodore is a trained barrister who has published in International law journals. He has spent over 30 years of his professional working life internationally on EU funded projects and leading teams

The 2012-2013 economic crisis in the Republic of Cyprus is commonly attributed to a number of factors, including the exposure of Cypriot banks to over leveraged local property companies; the knock-on effect of the Greek government debt crisis; and international credit rating agencies downgrading the Cypriot government's bond credit status. What followed was unexpected and controversial: a bailout on condition of a one-time bank deposit levy on all uninsured deposits in ...


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