Cyprus: the latest victim of the Euro crisis and Greek contagion

Cyprus: the latest victim of the Euro crisis and Greek contagion

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Cyprus is the latest country to request a bailout. The small country is highly dependent on its neighbor, Greece, and has purchased significant Greek debt. The greatest threat to well functioning financial markets is uncertainty, and this has certainly been the case in Europe. What lessons can we learn from Cyprus? The Milken Institute's James Barth explains.
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James Barth
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Published December 11, 2019