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Cyprus is Extraodinary & Exceptional

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Cyprus is Extraodinary & Exceptional

Postby Maximus » Wed May 07, 2014 10:47 pm

Trichet, the former president of the European central bank has said that the case of Cyprus's bail-in/out and the stability growth pack she had to adopt was extraordinary given the size of her financial sector relative to her "meagre" GDP,

"if you do not have those in mind, you do not necessarily understand the decisions which have been taken by the government of Cyprus, because, it has to be said, all decisions have been taken by the government of Cyprus as a last resort, with the support of the parliament.

It`s an absolutely exceptional case, obviously," he concluded. ... 472-69.htm
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