- 02 Apr 13
To paraphrase Bertie, the crash keeps getting crasher, with tiny Cyprus and its bloated banking sector feeling the chill winds of the global economic collapse. But who should pick up the tab for a nation awash with ‘hot’ money?
Another month, another financial crisis… This time it’s Cyprus. At this remove, I’m no longer entirely sure what’s going on. The island is divided between Greeks and Turks since the Turks invaded in 1974 following a Greek Cypriot coup, set up by the army junta that then ruled Greece.