TITLE

Cyprus agrees £10bn bailout with EU and IMF

AUTHOR(S)
Dale
PUB. DATE
March 2013
SOURCE
Money Marketing (Online Edition);3/25/2013, p24
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that Cyprus has agreed for a 10 billion pounds bailout. The European Central Bank had threatened to cut off an emergency liquidity support unless it found agreement on a bailout package. Under the new deal Cyprus' second largest lender, the Laika Bank will be closed. The smaller deposits are being transferred to the largest lender, the Bank of Cyprus
ACCESSION #
86706584

 

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