As the situation in Cyprus seems to have calmed down a bit, now may be a good time to review the country’s financial situation, how it got there, and where things go from here.
And here to address these concerns is a wonderfully comprehensive chart from Demonocracy, a group that specializes in visualizing “usually boring economic data stacked in €100 Euro and $100 Dollar bills.”
“The big depositors will get hit harder than expected, because a lot of money left the banks right before the banks went into lock-down,” the group’s site reads.
“With the lack of backbone, the next political move is rather unpredictable. EU officials say Cyprus is a unique case, but the EU has many countries with over-sized banking sectors,” it adds:
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Featured image screen grab.