Cyprus’s central bank said lenders would remain closed until at least Tuesday
amid growing speculation the Meditterranean island could become the eurozone
member to exit the currency bloc.
Officials at the ECB were reported on Wednesday to be considering pulling the
plug on Cypriot banks unless the country agreed to a new bailout package.
Jörge Asmussen, the ECB’s chief negotiator, warned that Cyprus’s decision to
reject the terms of an €10bn (£8.6bn) bailout meant it could not guarantee
support to domestic lenders for much longer.
Read more: http://www.telegraph.co.uk/finance/financialcrisis/9944095/Banks-still-shut-in-Cyprus-as-island-fights-to-stave-off-collapse.html
Read more: http://www.telegraph.co.uk/finance/financialcrisis/9944095/Banks-still-shut-in-Cyprus-as-island-fights-to-stave-off-collapse.html
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