Monastiriotis, Vassilis 
ORCID: 0000-0003-3709-3119
(2013)
Counting the options in Cyprus: the good, the bad and the ugly.
LSE Greece@LSE
(19 Mar 2013).
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Abstract
First, let’s clarify that a bailout for Cyprus was necessary. Without this, the major banks in Cyprus would collapse in a matter of days, if not hours. People would lose their savings, financing of small and large businesses would come to a halt, panic would spread across markets and the public, and a tremendous crisis would engulf the real economy (with lost jobs, incomes, and people’s fortunes). The ECB could delay this, by continuing to provide liquidity to the Cypriot banks, but this would not offer a long-term solution.
| Item Type: | Online resource (Website) |
|---|---|
| Official URL: | http://blogs.lse.ac.uk/greeceatlse/ |
| Additional Information: | © 2013 The Author(s) |
| Divisions: | European Institute Spatial Economics Research Centre Hellenic Observatory LSEE - Research on South Eastern Europe |
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HG Finance J Political Science > JC Political theory J Political Science > JN Political institutions (Europe) J Political Science > JZ International relations |
| Date Deposited: | 31 May 2017 13:36 |
| Last Modified: | 01 Nov 2024 04:43 |
| URI: | http://eprints.lse.ac.uk/id/eprint/79396 |
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