Wednesday, March 20, 2013

Cyprus works on Plan B to stave off bankruptcy

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Cyprus works on Plan B to stave off bankruptcy

NICOSIA, Cyprus (AP) — The Cyprus government and central bank are working on an alternative bid to come up with billions of euros in funds to stave off bankruptcy, a day after after Parliament rejected an initial plot to raise money by seizing up to 10 percent of people’s bank savings.

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Cyprus facility on Plot B to stave off bankruptcy

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