Cyprus: More Concern Over Central Bank Cuts

By: ENEX/CBS
By: ENEX/CBS

There is a great concern and many questions after the new decree announced from the central bank of Cyprus regarding the percentage of the cut.

This decree, instead of clearing the situation which is necessary for the restart of the economy, creates more grey zones which imply the possibility of a cut of the unsecured deposits not only at 60% but in some special cases at even 100%.


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