Economy

    Cyprus Crisis Agreement Could Lead to Credit Crunch, High Unemploymenti
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    March 26, 2013 11:47 PM
    Financial uncertainty for the island nation of Cyprus is far from over. Despite narrowly averting bankruptcy and securing a 13-billion-dollar bailout, economic pain may be just beginning. Economists say the country will pay a price in higher unemployment, bankruptcies and a credit crunch as it struggles to right its troubled banks. Mil Arcega reports.

    Cyprus Crisis Agreement Could Lead to Credit Crunch, High Unemployment

    Published March 26, 2013

    Financial uncertainty for the island nation of Cyprus is far from over. Despite narrowly averting bankruptcy and securing a 13-billion-dollar bailout, economic pain may be just beginning. Economists say the country will pay a price in higher unemployment, bankruptcies and a credit crunch as it struggles to right its troubled banks. Mil Arcega reports.


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