Natural gas could help Cyprus’ economic growth
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:
–Lessons from Cyprus: How to work without cash
–How the Cyprus crisis has some thinking of Bitcoin
–Where will money launderers go after Cyprus
Stories You Might Like
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
