{"id":5321,"date":"2013-04-04T10:15:51","date_gmt":"2013-04-04T08:15:51","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=5321"},"modified":"2013-04-05T18:23:08","modified_gmt":"2013-04-05T16:23:08","slug":"the-meaning-of-cyprus","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/the-meaning-of-cyprus\/","title":{"rendered":"The Meaning of Cyprus"},"content":{"rendered":"<p>Gros, Daniel.<\/p>\n<p>The root of the problem in Cyprus is well known. Its two major banks had\u00a0 attracted huge deposits from abroad, largely from Russia, and presumably mostly\u00a0 from individuals who wished to escape scrutiny at home or elsewhere. The\u00a0 proceeds were then invested in Greek government bonds and loans to Greek\u00a0 companies. When Greece imploded, the investments turned sour, and the Cypriot\u00a0 banks that had engaged in this strategy became insolvent.<\/p>\n<p><strong>\u03a0\u03b7\u03b3\u03ae: <\/strong>Project Syndicate<\/p>\n<p><a href=\"http:\/\/www.project-syndicate.org\/commentary\/the-lessons-of-the-cypriot-crisis-for-europe-s-banking-union-by-daniel-gros\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gros, Daniel. The root of the problem in Cyprus is well known. Its two major banks had\u00a0 attracted huge deposits from abroad, largely from Russia, and presumably mostly\u00a0 from individuals who wished to escape scrutiny at home or elsewhere. The\u00a0 proceeds were then invested in Greek government bonds and loans to Greek\u00a0 companies. When Greece [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,37,4],"tags":[26,27],"class_list":["post-5321","post","type-post","status-publish","format-standard","hentry","category-18","category-37","category-proposals","tag-26","tag-27"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/5321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=5321"}],"version-history":[{"count":3,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/5321\/revisions"}],"predecessor-version":[{"id":5328,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/5321\/revisions\/5328"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=5321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=5321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=5321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}