The Conversation

Living with a 10 billion euro bailout – the story from the streets of Cyprus

18-12-2014 Author: The Conversation

Pensioners protest in NicosiaKatia Christodoulou/EPA

The nightmare for Cyprus started in March 2013. The country’s banking sector faced a sudden squeeze. The two biggest players – Bank of Cyprus and Marfin Laiki Bank – were in danger of a collapse which would have sparked a huge negative shock for the island’s economy.

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