It’s been one year since the second largest bank in Cyprus, Laiki Bank, was shut down leading to a $13 billion European Union bailout. The country’s financial services sector was a big part of the economy and its resulting overhaul lead many bank depositors to lose a chunk of their savings. The BBC’s Lucy Burton joins Marketplace Morning Report host David Brancaccio to explain how the country is doing one year later — and how it hopes to recover.
From Marketplace.org, a look at previous coverage about Cyprus:
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