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28 Mar 2013

Communication as a policy tool: Important lessons from Cyprus

Leonor Coutinho

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After a week in which Cypriot politicians reassured people that their deposits were safe, followed by the announcement of a bank levy on savings, then a rush to withdraw cash amid general confusion and anxiety, Cypriot Senior Researcher Leonor Coutinho argues that in the case of a banking crisis it is vital for policy-makers to treat communication as an important component of the policy toolkit.

Leonor Coutinho is Senior Researcher at Europrism Research (Cyprus) and a Special Scientist at the University of Cyprus.