Could Cyprus be the next domino to fall in the Eurozone crisis?

Greece appears to be inching closer to the eurozone exit door. If Greece leaves, how far could the contagion spread? One country which could very soon find itself in the eye of a financial storm is Cyprus - where the banks are paying a heavy price for their investments in Greece. HARDtalk's Stephen Sackur speaks to Michalis Sarris, chairman of the Cyprus Popular Bank and former minister of finance. A mountain of banking debt, a weak government, an angry public - could Cyprus be the next domino to fall in this eurozone crisis?
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The clip used in this news report is the property of the BBC. The programme, HARDtalk, was first broadcast on the BBC News Channel on 18 May 2012 and may be viewed in its entirety (30 minutes) at www.bbc.co.uk/i...

[@kinglilian]

the music stopped no enough chair for people to site down, this is the really truth in the problem of cyprus

[@coolcrypto8445]

The size of the debt that European countries own in total cannot be paid back. This meltdown has to play through and there is nothing any government or bank can do about it. Put your cash into notes in vacuum sealed bags and stick them in a safe or safety deposit box. The best investment today is real hard cash!

[@Nirusu87]

The question shouldn't be "could Cyprus be....", but rather "when" and how soon. Domino-effect will occur sooner or later...

[@kapamarou79]

clever man

[@Cyprus_Property]

@bridgeanddcocktails - Anastasiades had a gun held to his head last week - he was given no choice.
And as he said yesterday “The state recognises its obligations, and will offer to those who will keep their deposits for two years, the worth of their loss in bonds tied to future state income from natural gas.”
I don't like or agree with what's happening either - but if you want to blame someone, blame previous governments and the banks who believed the property bubble would never burst.

[@CyGrGuy]

At the end he tries to make it seem like we are in the wrong for drilling for natural gas. What do you expect us to do? Sit here and wait until Turkey feels like negotiating? We all know that Turkey wants Cyprus to be Turkish and want to partition the island or annex it. We can't threaten Turkey militarily, even though this would not be a sensible approach (although this is what Turkey does), hence we exploit our resources and say "hey, if you want a share, unite".