Cyprus And The Financial Crisis
Cyprus financial crisis • Eurozone crisis Cyprus (2015)
Explore the profound Cyprus financial crisis of the early 2010s, a period marked by significant economic instability within the Eurozone. Triggered largely by its banking sector's heavy exposure to Greek sovereign debt, the crisis necessitated an international bailout. This led to unprecedented measures, including a controversial 'bail-in' of bank deposits, causing severe economic contraction and widespread public concern across the island.