A 17 billion euro rescue would increase Cyprus’ debts to about 145 percent of GDP, a level considered unsustainable. Greece’s bailout calls for it to cut its debt-to-GDP ratio to 120 percent by 2020, but that would be too high for Cyprus.
Wed, Mar 06, 2013 - Page 15 News List
Eurozone pledges to bail out Cyprus
‘BAIL IN,’ BAIL OUT:Cyprus has agreed to review its money-laundering laws, consider privatizing state assets and restructure banks, with depositors paying part of the rescue
This story has been viewed 1762 times.
Listing from 2014-09-11 to 2014-09-18
- Most read
- Most e-mailed
1US dollar climbs most in 10 months
2Apple iPhone demand delays shipments
3Goldman leads US banks in tapping local cash pile
4China’s central bank to inject US$81bn
5In Minecraft, tech giants see more than fun