Thursday, April 4, 2013

Bailout sends Cyprus on uncertain quest

Cyprus's bank restructuring, a condition for international aid it needed to stave off bankruptcy, will force the Mediterranean island to scramble for new ways to generate wealth.

If it fails, international lenders may have to do what they wanted to avoid and which Germany and its northern European allies may baulk at - give Cyprus more money.

http://www.reuters.com/article/2013/04/03/us-cyprus-bailout-economy-idUSBRE9320PK20130403