CLEAN : Economist says Cypriot banking

The video discusses the impact of a financial crisis on banks and the economy, highlighting potential disruptions and economic downturns. It explores the need for adjustments in the banking sector, including diversification and downsizing. The importance of banking safety and the role of government controls are also addressed, with an emphasis on the potential long-term nature of these controls.

What is the expected contraction percentage mentioned before the crisis?

What strategies does the speaker propose for reinventing the economic sector?