Europe

Cyprus Poses Fresh Euro Crisis as EU Questions Russian Investmenti
X
March 21, 2013 11:23 PM
Political leaders in Cyprus appear to have abandoned plans for a one-time levy on bank deposits in return for a financial bailout from the European Union. Its exposure to Greek debt has left Cyprus on the verge of bankruptcy. The Mediterranean island has long been an attractive place for foreign investors, in particular Russians -- and as Henry Ridgwell reports, that has sparked a heated argument in Europe.

Cyprus Poses Fresh Euro Crisis as EU Questions Russian Investment

Published March 21, 2013

Political leaders in Cyprus appear to have abandoned plans for a one-time levy on bank deposits in return for a financial bailout from the European Union. Its exposure to Greek debt has left Cyprus on the verge of bankruptcy. The Mediterranean island has long been an attractive place for foreign investors, in particular Russians -- and as Henry Ridgwell reports, that has sparked a heated argument in Europe.


You May Like

New England Bears Brunt of US Blizzard

Boston, surrounding region grapple with as much as 3 feet of snow, coastal flooding; leaders in New York, spared most severe weather, criticized for being overly cautious More

China Lifts Lid on Sale of Fake Goods Online

A recent survey found nearly 60 percent of a random sample of items bought from Taobao were fake More

Upward Aims to Create Old-girls Network in Silicon Valley

Lisa Lambert, an executive with Intel Corp.'s venture-capital unit, responds to the gender-disparity debate by creating a new social organization More