Mon, Mar 25, 2013 - Page 15 News List

EU, Cyprus bailout talks go to the wire

HARD CHOICES:Media reports suggested progress had been made in talks on the controversial EU-IMF bailout, but there remained tough decisions still to be made

AFP, NICOSIA

Cyprus negotiators had been desperate to avoid Bank of Cyprus being subjected to the same bitter pill imposed on Laiki.

A threat to Bank of Cyprus pension fund sparked a march by bank staff on parliament on Saturday and a threat of strikes.

“If you don’t secure our pension fund, we will go on strike from Tuesday [tomorrow],” when branches are scheduled to reopen after a closure of more than a week, banking union chief Loizos Hadjicostis said.

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