Global Economy, Cyprus Bailout | featured news

Insight: Desperate for bailout, Cyprus plays risky geopolitical game

As it tries to play Russia off against Europe to salvage its economy, Cyprus has embarked on a high-stakes poker game that could see almost everyone lose.

 

Cyprus: Banking crisis stalls financial live

Cyprus - BBC

Homeowners have told of how sales of their properties are on hold and businesses have called for clarity amid banking uncertainty in Cyprus. The country is braced for an emergency session of its parliament, and a planned vote, regarding a 10bn euro ($13bn; £9bn) financial rescue.

 

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