Cyprus one month after the crises

One month has passed since the bank crises in Cyprus and the country is still in a stage of uncertainly. A month ago on a meeting of the Ministers of Finance in the European Zone was taken a decision that the deposits in Cyprus have to be taken a tax on and thus one of the two sectors of the local economy that were productive were destroyed. After every political decision taken on the finances, the people are the one to suffer and in this case these are the people of Cyprus. Many businesses have closed down, a lot of people are unemployed and there is no official information about the direction in which the country will go.

People are afraid of the future and try to save as much as possible, so that they can survive through the crises. They are not buying anything more than the minimum everyday necessities and of course, this immediately affects the economy. Locals have a lot of mortgages and are not certain whether they will be able to make the payments. Many people do not know what to expect from their retirement funds and are not certain if they will have peaceful living when retired or not. In general, there is a feeling of despair and uncertainty in Cyprus now which will not go away soon.