How Malta And Luxembourg Differ from Cyprus?

Source:  Standard&Poor’s Rating Services¸ April 2013

Standard & Poor’s Ratings Services believes that the combination of factors behind Cyprus’ difficulties is not currently likely to be replicated elsewhere in Europe. The domestic banks based in Luxembourg and Malta are considerably smaller as a proportion of GDP than the large headline figures suggest.

To read more¸ click on Small Countries¸ Big Banking Sytemes: How Malta and Luxembourg differ from Cyprus.