The Cyprus Crisis

Constantinides, Stephanos
March 2013
Hellenic Studies/Etudes Helleniques;Spring2013, Vol. 21 Issue 1, p15
Academic Journal
The author discusses Cyprus crisis, the conflict between the Republic of Cyprus and Turkey, and mentions the efforts of finance ministers of the Eurozone to solve the financial crisis by charging depositors. It notes that the rescue operation had financial assistance of 10 billion euros that was rejected by the Cypriot Parliament. It adds that the Cypriot Parliament accepted the alternative which was to be imposed on Nicosia, deposits of less than 100,000 from levy and closure of Laiki Bank.


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