Cyprus and the Financial Crisis: The Controversial Bailout and What It Means for the Eurozone

by John Theodore and Jonathan Theodore

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...

• Format: Hardcover
• Language: English
• ISBN: 1137452749
• ISBN13: 9781137452740
• Release Date: July 2015
• Publisher: Palgrave MacMillan
• Length: 179 Pages
• Weight: 0.83 lbs.
• Dimensions: 0.5" x 5.5" x 8.5"