Friday, March 22, 2013

"Cyprus up the creek without a paddle": Troika Rejects Plan B in Cyprus To Tap Pension Funds

Cyprus is a small island with less than a million people, but the tensions created this week over conditions for a bailout package for Cyprus have brought renewed urgency to the euro crisis.

Nearly one week after the European Union agreed to a €10 billion rescue for the country, the Cypriot parliament still hasn't approved any compromise deal. On Friday, the troika also appeared to have rejected an alternative proposed by Nicosia.

Read More: EU-DIGEST: "Cyprus up the creek without a paddle": Troika Rejects Plan B in Cyprus To Tap Pension Funds