Making bail - getting Cyprus back on its feet
01 April 2014 09:00
by Helen Mooney
Twelve months ago, the death knell sounded for the Cypriot economy and its legal industry. What a difference a year makes
A year ago Cyprus was heading for disaster. The banking crisis had hit hard and predictions of where it would leave the country ranged from the sublime to the ridiculous. Hyperbolic headlines screamed that Cyprus would be forced to quit the eurozone and that everybody would be out of a job. Foreign investors would leave in droves, said the naysayers, so the island had better just go back to fishing and tourism as its mainstay.