Europe

Cyprus Poses Fresh Euro Crisis as EU Questions Russian Investmenti
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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.


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