Cyprus to Chop Banking System to Win Aid, Avoid Default – Bloomberg
 Hindu Business Line |
Cyprus to Chop Banking System to Win Aid, Avoid Default
Bloomberg Cyprus dodged a disorderly default and unprecedented exit from the euro currency by bowing to demands to shrink its banking system in exchange for a 10 billion-euro ($ 13 billion) bailout. Cypriot President Nicos Anastasiades agreed to shut the country's … Europe Factors to Watch-Shares set to rally on Cyprus deal Cyprus, European Union Reach Draft Bailout Deal Cyprus Said to Reach Tentative Deal to Avert Default |
