Responsibilities of the State and Banks in the Cypriot Economy
December 18, 2024
The taxation of bank super profits has sparked public debate, impacting borrowers and pension funds. There is inequality in the consequences of measures taken to save the financial sector. Borrowers in Cyprus are in a difficult position as they lack the legal means to challenge banks without necessary protections. While banks received substantial financial support, smaller banks and their customers did not receive the same backing.