Cyprus’ MPs are recklessly irresponsible

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Cyprus’ MPs are recklessly irresponsible
 © CyprusMail 2020
The allegation contained in the title of this article is very serious and it needs to be explained and justified.  I am specifically referring to the problem of the non-performing loans and the just-avoided repetition of a ‘thunderous no’, similar to that which precipitated the total loss of the share capital of the two largest Cypriot banks and the related haircut on deposits.

Our MPs do not seem to understand the essence of banking, namely the fact that, save a relatively small amount of the capital of the shareholders, banks borrow funds from...


This article was automatically added to our system 4-8-2019

Cyprus’ MPs are recklessly irresponsible


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