I don’t see how Cyprus can remain within the Eurozone and potentially recover. The overnight destruction of the financial sector left the economy of Cyprus devastated. All of us already know people who have lost their jobs and people that will soon lose them. The hope is that new productive sectors will be developed that will help the economy recover from the loss of the financial sector. I list four challenges to this scenario. I neither am nor pretend to be an economist, so I would be glad to be proven wrong.
Today the people of my country were united. We have been attacked by the countries of the Eurozone. We have even been betrayed by the Greeks that many Greek Cypriots naively consider their allies. Today, instead of running to the banks and maximising the damage caused by the European ‘partners’, the Cypriots were civilised and dignified and did not rush to get their money out. The international news agencies surprised from this reaction tried to find something to report. Instead of panic and chaos, they reported the Cypriot determination to survive the attack.