Gold Magazine April - May 2013, Issue 25

YES WE CAN T XXXX HE BAILOUT AGREEMENT REACHED WITH THE TROIKA UNDOUBTEDLY MARKS THE END OF AN ERA FOR THE CYPRUS BANKING SYSTEM BUT HOW WILL IT AFFECT THE COUNTRY’S PROFESSIONAL SERVICES SECTOR? HOW DID A COUNTRY THAT WAS PRAISED BY THE IMF AS RECENTLY AS 2011 FIND ITSELF SCRAMBLING TO FIND €5.8 BILLION IN LESS THAN A WEEK OR FACE CERTAIN BANKRUPTCY? HOW DO THOSE WORKING WITH FOREIGN INVESTORS FEEL ABOUT THEIR FUTURE? THESE QUESTIONS AND MORE ARE ANSWERED ON THE FOLLOWING PAGES AS WE ASK EXPERTS FOR THEIR VIEWS ON WHAT IS NEXT FOR CYPRUS. AS OUR TITLE SUGGESTS, WHILE THE PROFESSIONALS ARE UNDER NO ILLUSIONS ABOUT THE DIFFICULTIES THAT LIE AHEAD, THERE IS A FEELING THAT THE COUNTRY WILL EVENTUALLY EMERGE STRONGER AND BETTER AS AN INTERNATIONAL BUSINESS CENTRE AND A JURISDICTION FOR INVESTMENT. 18 21 28 A Tragic Tale of Cypriot Mistakes and Eurozone Flaws BY KYPROULA PAPACHRISTODOULOU After the Setback, Recovery is the Only Option SIX LEADING PROFESSIONALS LOOK AHEAD View from ѡ

Gold Magazine April - May 2013, Issue 25 | Page 17