Some more thoughts on that awful Cypriot Business Model

I wrote yesterday on the “dead” cypriot business model.

Some more thoughts and data below on this.

First Cyprus is not that different to many many other countries in terms of the % of its GDP derived from the financial sector.

Screen Shot 2013-03-24 at 13.01.41

Second, Cyprus was not that out of line in terms of its percentage of employment (full time equivalent, hours worked) in the financial sector. It was the highest but…

Screen Shot 2013-03-24 at 13.09.38

Third, as a % of the total wage bill it was quite highly dependent on the financial sector – it was a well paid sector in the cypriot economy, a well paid sector now dead. Is it any wonder the hole is now beginning to get bigger – as of pixel time 1320h sunday the Toika have decided that Cyprus needs 2b more…

Screen Shot 2013-03-24 at 13.13.29

Finally, as a % of total employment in Financial Services,  Cyprus is not that out of line with the rest

Screen Shot 2013-03-24 at 13.30.55

Advertisements

One thought on “Some more thoughts on that awful Cypriot Business Model

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s