Michael Olympios

The post-pandemic economy

The Cypriot economy is no stranger to economic downturns. Less than a decade ago, it faced an almost existential threat. Two of its biggest banks went down. Money became so scarce it

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There are no free lunches

  By Michael Olympios Economics is famous for the concept of opportunity cost – an idea that holds that there’s no such thing as a free lunch. Almost every policy decision must

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Learning to swim in cash

The latest liquidity statistics released by the Single Supervisory Mechanism revealed that Cypriot banks are swimming in cash. They have more cash than they know what to do with, according to the

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