A banking system doesn’t run on day-by-day. Customer confidence is absolutely important for a healthy financial system. Cash shortfall of Euro 17 billion in Cypriot Banks is merely the outcome of financial bankruptcy. Where did this money go? If this isn’t answered, no matter what Cyprus does, any other option to bring the country in black may not succeed!
March 22 (Bloomberg) -- Bloomberg's Ryan Chilcote updates the Cyprus bank crisis. He speaks on Bloomberg Television's "Market Makers." (Source: Bloomberg)
5 years ago