Banking crisis leaves Cyprus future in limbo

Banking crisis leaves Cyprus future in limbo

Island nation’s parliament rejects bank-seizures plan
Protesters in Nicosia, Cyprus, got their wish Tuesday as Cyprus’ parliament rejected an unpopular 10 percent confiscation of bank deposits that the cash-strapped country’s creditors have demanded in exchange for a €10 billion rescue package. The value of the package is equivalent to $13 billion.
Protesters shout slogans during a protest outside of the parliament in Nicosia, Cyprus, on Tuesday ahead of a vote that rejected a European Union requirement to confiscate 10 percent of all bank deposits in Cyprus to help pay for a €10 billion rescue package for the indebted country and its banking system.

Banking crisis leaves Cyprus future in limbo

Protesters in Nicosia, Cyprus, got their wish Tuesday as Cyprus’ parliament rejected an unpopular 10 percent confiscation of bank deposits that the cash-strapped country’s creditors have demanded in exchange for a €10 billion rescue package. The value of the package is equivalent to $13 billion.
Protesters shout slogans during a protest outside of the parliament in Nicosia, Cyprus, on Tuesday ahead of a vote that rejected a European Union requirement to confiscate 10 percent of all bank deposits in Cyprus to help pay for a €10 billion rescue package for the indebted country and its banking system.
Reader Comments
click here to add your event
Durango ~ Events
click here to add your event
Durango ~ Events