“Cyprus and its institutional lenders have reached a bailout deal, according to reports citing European Union officials. As part of the agreement the country will impose a 40% haircut on Bank of Cyprus depositors holding more than 100,000 euros ($129,760) in their accounts, Agence France Presse reported. The deal will now be put to the Eurogroup in Brussels for approval, the reports said. The weekend saw tense meetings between Cyprus and the Troika — the European Commission, the European Central Bank and the International Monetary Fund — to reach a deal before a Monday evening funding deadline.”
http://www.marketwatch.com/story/cyprus-troika-reach-bailout-deal-reports-2013-03-24
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Despite Tax Increase, California State Revenues in Freefall
Lord Rothschild takes £130m bet against the euro
Americans Overwhelmingly Opposed to Endless US Military Interventions
Banks shiver as UBS swallows $885 million U.S. fine
Wikileaks release of TPP deal text stokes 'freedom of expression' fears
Bombs kill 42 outside mosques in Lebanon's Tripoli after car bomb kills 24
U.S. had early indications Libya attack tied to organized militants
China Plans Ban on Imports of Coal With High Ash, High Sulfur
Inside ‘Liberland,’ the Place of No Taxes Where Crowdfunding Rules
U.S. Navy: Cost of strikes against Syria ‘nagging’ but not ‘extraordinary’
No Light. No Tunnel. Just More Dark.
Google reports ‘steady increase’ in gov’t requests for user data
Picasso Painting Sells for $179.4 Million; Sets Auction Record
North Korea protests over Swiss ski lift ban
China mobilizing troops, jets near N. Korean border, US officials say