“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:
Russia developing new nuclear weapons to counter US, NATO
Holder Begs Court To Stop Document Release On 'Fast And Furious'
Lawmakers, aides may get Obamacare exemption
FBI fatally shoots victim of kidnapping trio, alone and with his hands bound
Family of bystander killed during high-speed police chase sues police
Out of the 'Shadows': Pot Sellers Can Now Do Business With Banks
Italian newcomer Grillo predicts collapse in six months
Japan seen nominating "deflation basher" as BOJ head
Tiny ‘Shoebox’ Apartment in London Costs $1,200 Per Month
Turkish protester’s tear-gas death sparks angry new demonstrations in Istanbul
Chinese yuan dominates global bitcoin trade
Riveting and Chilling: Victims of IRS Targeting Tell Their Stories on Capitol Hill
Two wealthy Italian states vote for autonomy in shadow of Catalonia crisis
Obama's drone war a 'recruitment tool' for Isis: US air force whistleblowers
Al Qaeda militants flee Iraq's Abu Ghraib in violent mass break-out