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(Image from article: "Official: EU banks have to raise $140 billion")

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Cyprus given 4 days to find bailout solution

Cyprus - Fox News

As Cypriot politicians raced to find a new financial rescue plan ahead of a Monday deadline, tensions built in the streets of the capital. Residents withdrew what money they could from ATMs amid concern the banks could collapse.

 

Official: EU banks have to raise $140 billion

Official: EU banks have to raise $140 billion

A top bank lobbyist insisted Saturday that banks and the eurozone are far from reaching a deal to cut Greece's debt, despite claims by eurozone finance ministers that they will ask banks to take steeper losses on their Greek bonds.

 

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