business

Cyprus bailout, a reminder to Europe crisis: Jeff Chowdhry

Cyrpus got a 10 billion euro bailout deal from the EU. However, in return they will have to impose a levy on depositors. Jeff Chowdhry, Head of Emerging Market Equities, F&C Investments told CNBC-TV18 that Cyprus is a very small country, but there is a lot of international money, about a third of deposit in Cyprus is Russian.

first published: Mar 18, 2013 07:08 pm