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Cyprus seeks Russian rescue, EU threatens cutoff
Avoiding moral hazard proved to be disastrous when Lehman Brothers failed. Will Cyprus be similar?
Is any people too small to keep? Not if it is part of the E.U., according to officials who hammered out a bailout deal early Saturday for the tiny Mediterranean island of Cyprus, whose nation faces a end. In an exclusive interview with TIME last
Cyprus Energy Minister George Lakkotrypis was also in Moscow, officially for a tourism exhibition, but fuelling have a discussion that access to unused offshore gas capital could be on the table as part of a deal for Russian aid. Cyprus has found huge gas fields
If the lawmakers want to reject the Eurogroup's plot, they know what they must do.
"The ball is currently really in Cyprus's court," Eurogroup Head Jeroen Dijsselbloem said on Dutch television after the vote, adding there would be no new money for Cyprus beyond the amount already set. "Cyprus was granted some freedom, but it will have
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