We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Bailout of Cyprus - Research Paper Example

Comments (0)
Cyprus has currently joined the league of countries such as Greece, which are in deep debt turmoil and need a bailout to salvage their economies from recession. The problems behind Cyprus economic turmoil have stemmed from its banking sector, which is heavily reliant on…
Download full paper
Bailout of Cyprus
Read TextPreview

Extract of sample
Bailout of Cyprus

Download file to see previous pages... The two banks lost more than 2.3 billion Euros on Greek sovereign bond, which they asked the state to fill in their regulatory capital (Telegraph, 2012). In addition, Cyprus’ economy had been described as a “Casino economy.” In other words, the country has a banking sector much larger than the country’s gross domestic product. This has been said to be negligence in following the banking rules, making everyone else vulnerable to such economic crisis (Erlanger & Kanter, 2013). Another major problem according to Erlanger & Kanter that led to Cyprus economic crisis is the threat by Euro zone countries to confiscated significant part of the savings of Cypriot banks’ depositors. The result was that large depositors and ordinary savers in such banks were uncertain about their savings. The private sector was therefore more reluctant to steer more funding to financial institutions in trouble as in the case of Cyprus, which increased the need for the country to look for a bailout from the European Central Bank. Cyprus problems also emanated from the country’s wage bill which as analysts explain is the highest in the Eurozone, implying the country similar to Greece has a lavish life where their GDP is much less than their net expenditure.
Cyprus bailout has attracted differing views from policy makers and economists. The bailout has been described as a major victory from Eurozone hardliners such as Germany. The hardliners have over the time made it clear that countries only qualify to be rescued in case they acknowledge and do penance of their past mismanagement as would be determined by their rescuers (Erlanger & Kanter, 2013). The argument is that such bailout will have a higher public support for the euro and demand for greater prudence from other countries. However, the critics of the bailout explain the entire arrangements were haphazardly carried out to an extent that it “underscored the chaotic nature of European decision making more than ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
The War Between Cyprus And Turkey
The war between Cyprus and Turkey. Cyprus embodies a state that has endured problematic ethnic conflicts. Cyprus gained independence from Great Britain in 1960 and since then the inhabitants, the Greek Cypriots and Turkish Cypriots have been clashing frequently.
11 Pages(2750 words)Research Paper
The Turkish invasion in Cyprus at 1974
The Turkish organized a large number of its forces with the purpose of invading Cyprus, something that made them take a good portion of the island. It is worth noting that there were prior plans that the Turkish group had initially initiated for they had a code named of their operation, which was precisely referred to as Attila as indicated in Congregation Record (18108).
6 Pages(1500 words)Research Paper
New York Times and Financial Times Differences of Informing

In straightforward news reporting, evidence of socially-oriented views is able to filter through in news articles which are supposed to be objective accounts of a non-cultural issue.  In this assessment, the divergence in the articles may be less accounted for by cultural differences, and more in line with differences in a vantage point with respect to the issue at bar.

4 Pages(1000 words)Research Paper
Macro economics
Additionally, its debt-to-GDP ratio at 120% was twice the limit allowed in the Maastricht treaty. Soon after, Portugal, Italy, Ireland and Spain made similar statements. In the last few years, all countries mentioned have implemented forms of austerity measures, experienced inflation, and unemployment has risen, slightly in some, dramatically in others.
4 Pages(1000 words)Research Paper
Obama's Bailout Plans
As the Obama administration now tries to combat the financial crisis, the amount of rescue plans remains uncertain, but some financial experts said it could reach $8 trillion. The bailout mania started last year, when the Bush administration allocated $29 billion for the Federal Reserve's rescue of Bear Sterns, $178 billion was set aside by the U.S.
8 Pages(2000 words)Term Paper
Should the government bailout failing businesses - Argument aginst
Though the companies affected were in private hands, yet some of them were viewed as Too-Big-To-Fail companies and the policy makers of the land used tax payers’ money to save those companies from being bankrupt. The decision of saving or allow
15 Pages(3750 words)Research Paper
Federal Bailout
ccounts, the United States economy was entering into a period of very low economic performance that would translate into, among other things, considerably high unemployment numbers. At any point in time where more individuals find themselves out of work, that in turn, creates
6 Pages(1500 words)Research Paper
Linguistic analysis of Gypsie's (ROMANI) dialect of Cyprus (I WOULD LIKE ONLY A RESEARCH PROPOSAL)
A detailed study will attempt to discover salient adaptations of this special dialect, and which linguistic system: morphological, phonological, lexical, or syntactical, carries the highest proportion of detectable loan
3 Pages(750 words)Research Paper
Tourism in the Republic of Cyprus
The depletion of the natural resources and degradation of the impeccable sites of many countries has been highly associated with tourism (Ashley, 1998). Majorly, the problems are directly related to mass tourism that has become rampant in the recent past. The
3 Pages(750 words)Research Paper
Let us find you another Research Paper on topic Bailout of Cyprus for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us