Brief review of developments on the Cyprus Banking Crisis

Following the decision on Cyprus of the Eurogroup meeting held on 25 March 2013, the two major banks of the island Bank of Cyprus and Laiki Bank have been affected and their depositors were forced to contribute to the banks’ recapitalization through deposit haircut for deposits above the minimum guaranteed amount o € 100000 per depositor. More specifically the following actions were taken:
http://globalserve.com.cy/brief-review-of-developments-on-the-cyprus-banking-crisis-2/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s