The Best Cyprus Community

Skip to content


Cyprus is Extraodinary & Exceptional

Benefits and problems from the EU membership.

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.

http://famagusta-gazette.com/trichet-cy ... 472-69.htm
Maximus
Main Contributor
Main Contributor
 
Posts: 7594
Joined: Wed Aug 10, 2011 7:23 pm

Return to Cyprus and the European Union

Who is online

Users browsing this forum: No registered users and 1 guest