Cyprus President Says Nothing Wrong With Seeking Both Eu Bailout And Russian Loan

Cyprus' president on Thursday defended his government's decision to seek financial aid from the island nation's eurozone partners while at the same time asking for a loan from Russia, insisting ...

Topics:  russia   eu   loan   cyprus president   
BING NEWS:
  • 'Thieves': Russia savages EU after Cyprus gets £8.5billion bailout deal which could see richest investors losing 40% of savings
    A spokesman for Russian President Vladimir Putin says the president has asked the government to restructure a 2.5 billion euro ($3.2 billion) loan to the country. Cyprus ... approve the bailout deal, which might take another few weeks. EU officials said ...
    03/24/2013 - 11:25 pm | View Link
  • Russia backstops Cyprus bailout despite anger
    MOSCOW: Russia signalled on Monday it would backstop the European Union's bailout of Cyprus despite anger that the weekend rescue deal would impose heavy losses on uninsured depositors, many of them Russian. President ... Cyprus is seeking a five-year ...
    03/24/2013 - 1:00 pm | View Link
  • Russia and Cyprus in last-ditch talks to find way out of bank levy deadlock
    The plan was described by Vladimir Chizhov, Russia's envoy to the EU, who is also in the Russian capital, as "similar to forceful expropriation … The principle … is wrong ... The island is also seeking an extension to a €2.5bn loan it received ...
    03/21/2013 - 6:26 am | View Link
  • Cyprus bailout plan hits Russian economic model
    Finance Minister Anton Siluanov said it’s wrong to make investors pay for the banks’ problems. “I don’t pity our businessmen,” he assured reporters. Few would argue that most of the Russian ... of its seeking to influence EU affairs for its ...
    03/18/2013 - 10:11 am | View Link
  • Cyprus bailout deal: Why the Russians are freaking out
    Russian ... bailout for the east Mediterranean island nation than the 17.5 billion euros envisaged at one point. Under the EU plan, Cyprus will impose a levy of 6.75% on deposits of less than 100,000 euros and 9.9% for 100,000 euros or more. Cyprus is ...
    03/18/2013 - 2:54 am | View Link
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