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Counting the options in Cyprus: the good, the bad and the ugly

Monastiriotis, Vassilis (2013) Counting the options in Cyprus: the good, the bad and the ugly. LSE Greece@LSE (19 Mar 2013). Website.

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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:
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: 15 Sep 2023 19:09

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