TITLE

Cyprus agrees £10bn bailout with EU and IMF

AUTHOR(S)
Dale, Samuel
PUB. DATE
March 2013
SOURCE
Fundweb;3/25/2013, p22
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article informs that Cyprus has agreed on a bailout deal proposed by the European Union (EU) and International Monetary Fund (IMF). It is stated that the new bailout package would hit deposits over 100,000 pound, but spare small depositors with savings tax. It is informed that as part of the bailout deal Cyprus' second largest lender, the Laika Bank, will be closed.
ACCESSION #
86707104

 

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