Fears that Cyprus debacle will worsen Greek recession

Business leader Dimitris Daskalopoulos, head of the Hellenic Federation of Enterprises (SEB):

Greece is directly affected by the Cyprus crisis and based on some estimates this may chop up to one percentage point off GDP.

With the success of the Greek bailout programme already hanging by a thread, many signs show the recession is deepening with the prospect of recovery in 2014 fading.

The Greek economy has now been in decline for six years.