Saturday November 28, 2020

Markets cool on Cyprus

Last week's tumultuous events on the island met with a surprisingly muted reaction from traders and investors, writes Jon Ihle.

24th March, 2013
Demonstrators protest outside the Cypriot parliament in Nicosia last week. Photo: Bloomberg

Cyprus chaos: despite the silence, uncertainty reigns


Small savers look likely to be spared in Cyprus this week, as lawmakers and officials in Nicosia, Brussels and Frankfurt scramble to piece together sufficient funds to bail out the tiny island's failing banks.

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