“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
Related posts:
News junkie's open-source project links Bitcoin with publishers
U.S. bill would deny visas to known hackers
Living On Bitcoin For A Week: The Journey Begins
The Washington Post sold to Amazon founder Jeff Bezos
Bitcoin Mania Grips China
Revolutionary Japan is suddenly the centre of world affairs
Inside the World’s Most Elite (and Secret) Traders’ Club
Egypt's Islamist president cuts diplomatic ties with Syria, urges no-fly zone
Charles Ramsey Interview, Cleveland Man That Found Amanda Berry
Iron Age burial site points to long-lost glories of Gaul
Madonna and Lady Gaga accused of breaking Russian visa rules
Iran and US join fight against Sunni jihadis of Isis
Why Does The Government Treat Immigrant Kids Cruelly? Because It Can
Scotland votes to remain part of United Kingdom
Banks desert Somalia