‘Risk of a euro exit by Cyprus is substantial’ – Moody’s
Moody's Photo: EPA After a disastrous bailout of the Cypriot banking system, one of the world’s top rating agencies downgraded the sovereign rating of Cyprus. One of the concerns cited…
Cyprus allows capital controls, creates “solidarity fund”
Photo: EPA Cyprus MPs approved a bill Friday night, granting the government the right to restrict withdrawals from bank accounts in exceptional cases. The parliament in Cyprus also approved a…
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