End of an Era Cypriot Financial Sector Faces Collapse

The disastrous financial situation in Cyprus is largely a result of the country's crumbling banks. For years, the island nation profited from its bloated financial sector, but now it will likely have to liquidate its two largest banks. In Nicosia, government leaders fear that could decimate the economy.
Pedestrians pass the headquarters of Greek operations of the Bank of Cyprus in Athens.

Pedestrians pass the headquarters of Greek operations of the Bank of Cyprus in Athens.

Foto: AP/dpa