A Legacy of Cronyism and Deception
4 Pages Posted: 13 Dec 2018
Date Written: November 18, 2018
If there is one single pattern emerging from the six years or so of the rule of Anastasiades as President of Cyprus it is one of deception and unkept promises. A number of examples of such dubious form of behavior adversely impacting the economy are cited. Unfortunately, the ruling party proved to be masters of trickery and a rare breed of self-serving pundits practicing crony capitalism. Which of course, only leads towards further erosion of the foundations of society and results in even more economic misery and national degradation.
Keywords: Financial Crisis, Repayment Capability, Corporate Lending, Credit Risk
JEL Classification: G17, G32, G33, H43
Suggested Citation: Suggested Citation