TITLE

Cyprus Scrambles For Rescue

AUTHOR(S)
Investor's Business Daily
PUB. DATE
March 2013
SOURCE
Investors Business Daily;3/25/2013, pB02
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
1 The island tax haven had to keep its banks closed all week as it fumbled for a way to secure a 10 bil-euro int'l bailout. After rejecting a deposit tax meant to generate a required 5.8 bil euros, lawmakers mulled other forms of asset seizures, additional Russian loans, a bank restructuring and a gas rights sale. But they might still adopt some form of deposit tax, raising concerns about a precedent for any future eurozone bailouts.
ACCESSION #
86384510

 

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