Economy

Cyprus Crisis Agreement Could Lead to Credit Crunch, High Unemploymenti
X
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.


You May Like

Turkey's Erdogan: Women Not Equal to Men

Speaking at conference in Istanbul, President Erdogan says Islam has defined a position for women: motherhood More

Ahead of SAARC Summit, Subdued Expectations

Some regional analysts say distrust between Pakistani, Indian officials has slowed SAARC's progress over the year More

Philippines Leery of Development on Reef Reclamation in S. China Sea

Chinese land reclamation projects in area have been ongoing for years, but new satellite imagery reportedly shows China’s massive construction project More