Panicos Demetriades, Professor at the University of Leicester and former Governor of the Central Bank of Cyprus, interviewed in Sputnik News in relation to a potential financial crisis within the European Union.
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“The former governor of the Central Bank of Cyprus, Panicos Demetriades, who was in office during the financial crisis in 2012, discussed how and why the crisis might erupt, using the relatively small European country as an example.
According to the expert, when it comes to a financial crisis, “there are a lot of events that happen” unexpectedly.
However, “there is always a big elephant in the room that no one can see,” the expert said.”