What is worse for the EU and Cyprus: default on its sovereign debt or default on bank deposits insurance? I would think the latter because potential EU wide bank runs and reduction of foreign investments.
What is worse for the EU and Cyprus: default on its sovereign debt or default on bank deposits insurance? I would think the latter because potential EU wide bank runs and reduction of foreign investments.
What is worse for the EU and Cyprus: default on its sovereign debt or default on bank deposits insurance? I would think the latter because potential EU wide bank runs and reduction of foreign investments.