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More panic than real problems in Cyprus

28 March 2013 / 18:03:15  GRReporter
4418 reads

Business people want to continue to work and produce, but the conditions in the country are becoming more difficult. They fear the possibility of imposing mandatory "fees" on deposits. "These are our operating funds in the banks. They are the result of a normal business activity that has been already taxed and we use them to pay the customers, the state and the staff." They say in Greece that if the state tries to take these funds by cutting the deposits in order to fill other holes in the economy, this will completely destroy entrepreneurs.


Tags: EconomyMarketsCyprusRescue programmeGreeceCrisis
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