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Is it really the country that is insolvent or is it only the two banks: Laiki and Bank of Cyprus?
by zby 14y ago
Is it really the country that is insolvent or is it only the two banks: Laiki and Bank of Cyprus?
- justincormack 14y agoThe country is insolvent too, has been unable to borrow for some time. This makes the options available rather limited. Iceland had little government debt when it had problems.