Standort: fm4.ORF.at / Meldung: "Cyprus: going from bad to worse"

Kate Farmer

Cutting to the chase

25. 3. 2013 - 13:48

Cyprus: going from bad to worse

Reality Check: Cyprus bank deal, and Greece in Bloom.

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Cyprus has come up with a deal which is expected to save the county's banking system and keep it in the Eurozone, but it's still unclear exactly what it will mean for ordinary Cypriots.

Cyprus banks

EPA/KATIA CHRISTODOULOU

Despite the deal, banks are still closed and cash machines issue a maximum of Euro 100.

Bank deposits over Euro 100.000 will be subjected to a one-off levy, with amounts up to that level being safe, but some people are saying the end result will be even worse for hte people and the country than the deal that the parliament overwhelmingly rejected last week.

Our Nicosia correspondent, Nathan Morley, looks at the practical details of the new deal and how people may be affected.

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"Greece in Bloom"

Austrian film maker, Fabian Eder, talks about his film and book, Greece in Bloom, that looks at everyday life under the economic crisis.

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