While international financial institutions are threatening Cyprus and local banks with rating downgrades due to the island’s close economic relationship with the risky Greek economy, foreign investors appear to disagree. According to InBusinessNews, at the end of May, deposits in the Cypriot financial system reached the value of 72.8 billion euro which is the highest ever recorded. At the same time the trend is showing no signs of deceleration with the value increasing by 2.1 billion since April.