Cyprus guards itself against a bank run
Share Now on:
The Euro has hit a four month low this morning against the dollar as we wait for the banks in Cyprus to open tomorrow for the first time in almost two weeks. Big depositors will face losses of almost 40 percent — and that might make them ready to move their money elsewhere for the future.
Julia Coronado, chief economist with the investment bank BNP Paribas, joins Marketplace Morning Report host Jeremy Hobson to explain how Cyprus is guarding itself against a bank run.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?