- How the banking sector was destroyed | Cyprus Mail / Free online games to play


The moment half of 2012 was an unpleasant surprise. Even though I was apart from Cyprus most of your time, I was monitoring the unpleasant developments quite closely.

Immediately after I left the Central Traditional bank in May well 2012, AKEL secured simultaneously total control of both equally the government along with the supervisory authority from the banking program. I was anxious concerning the deliberate hurt AKEL could do on the banking method, working with all the Central Standard bank, in order to serve social gathering and other interests. Together with the presidential election much less than a 12 months away, it absolutely was handy to target the banks. Banks are an simple goal for populism. It had been convenient towards the social gathering to argue which the banks have been exclusively to blame for all Cyprus’ ills.


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