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Trump's commerce secretary oversaw Russia deal while at Bank of Cyprus

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Updating list Reviewed October 3, via mobile Christenings party dinner. Date of stay: October Trip type: Traveled with family. Ask demetrisk18 about TSANotel. Thank demetrisk Kristel P. Reviewed May 26, Not worth to spen your money there. Date of stay: April Thank Kristel P. Reviewed May 16, Disgusting food.


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Room tip: Rooms are clean but if three stay in one room do not expect to have a full size bed. Trip type: Traveled with friends.

THE 10 CLOSEST Hotels to Mr. Wood Cyprus - TripAdvisor

Report response as inappropriate Thank you. We appreciate your input. Reviewed April 23, perfect. Thank GiannisK Reviewed April 8, via mobile Weekend stay at Limassol. Any Russian help might be unacceptable to the euro-zone rescuers. First, it would mean a big extension of Russian influence though the time to worry about that was when striking the weekend deal.

Poland Escapes

Explore our interactive guide to Europe's troubled economies. If Cyprus fails to get sufficient support from Russia which, after all, turned down pleas for further help last year , then two other possibilities remain. The first is that the stand-off between Cyprus and Germany proves impossible to resolve. That would be a moment of peril for the euro area, which seemed to have rejected such a course with Greece last summer.

There are arguments that Cyprus is too small and its banks less entangled with the rest of the euro area, bar Greece to pose a systemic risk. But this would clearly rekindle many of the fears that were so pernicious last year. The more likely outcome is one in which the Cypriots still take most of their punishment, though sparing smaller depositors. A great deal of damage is already done.

Mr. Wood Cyprus, Limassol

The harm will be gravest for Cyprus. The European Commission recently forecast that its economy, which shrank by 2. That now looks like wishful thinking. The damage will extend well beyond Cyprus. Creditors to weak banks in other beleaguered economies will take note of the treatment meted out to Cypriot savers. Although a bank run outside Cyprus is unlikely, deposits in southern Europe may start jogging out of the system again see chart 2.

That will hamper attempts to loosen the credit squeeze in the periphery. Most of all, investors will take note of the noxious politics of euro-zone bail-outs.

Address by the President of the Republic of Cyprus Mr. Nicos Anastasiades

When push comes to shove, national politics trump aspirations like Europe-wide deposit guarantees. Join them. Subscribe to The Economist today. Media Audio edition Economist Films Podcasts.