CNN Your Money March 23, 2013 17:54:00
Dopts. they have been shut down all week to prevent a run on deposits and panicked cppriots lining up. it is considered a tax haifen and the banking system is eight times larger than the tiny island's economy and the banks made pretty bad bets on greek debt and now they need relief. the ecb has given cyprus until next week to figure out acceptable terms in exchange for a bailout and the world's eyes are focused on this island, richard, because of its potential global impact which is why today's question, sorry for the long wind up, is cyprus even a big deal? richard, who should go first? >> i ...