Friday October 23, 2020

Cyprus being pushed to take financial lifeline: Bloomberg

European authorities are pushing Cyprus to take a full bailout package worth as much as €10 billion, according to a report by Bloomberg News.

19th June, 2012

European authorities are pushing Cyprus to take a full bailout package worth as much as €10 billion, resisting the country’s attempt to limit any aid to its banking system, according to a Bloomberg News report.

Cyprus would be the fifth of 17 euro zone nations to take a financial lifeline. It’s angling for banking assistance to escape the oversight required in the programmes granted to Greece, Ireland and Portugal, said two unnamed European...

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