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

Video One Year After Thai Coup, No End in Sight for Military Rule

Since carrying out the May 22, 2014 coup, the general has retired from the military but is still firmly in charge More

Goodbye, New York

This is what the fastest-growing big cities in America have in common More

Job-Seeking Bangladeshis Risk Lives to Find Work

The number of Bangladeshi migrants on smugglers’ boats bound for Southeast Asian countries has soared in the past two years More