HEC in the Press

Cyprus, Lenders Reach Bailout Deal

voanews.com, 25 March 2013

After a week of financial speculation about Cyprus’ banking sector and its position within the European Union, a €10billion bailout agreement has finally been reached. Economist and Associate Professor, Tomasz Michalski, of HEC Paris, predicts that Cyprus is now headed for further gloom as the unemployment rate rises and the country falls further into recession.

Back to Articles list