Cyprus’s yearly output is approximately 20 billion euros, according to Deutsche Bank, yet its banks hold total assets equal to roughly the same amount.
According to a new IMF report, Greece may have some additional budget shortfalls during the next several years.
The bill suspends the debt ceiling entirely as opposed to simply raising it above its current level.
While the U.S. dollar holds a different position than the German mark once did in the global marketplace, there are some potential threats to to the American currency that could create problems for both investors and average citizens.
The question posed above has been debated for decades by American economists, financiers, politicians and concerned citizens around the country.
According to various news outlets, including the U.K.-based The Telegraph and Reuters, Cyprus officially requested a bailout during August 2012, when nonperforming Greek investments began to plague its largest banks.