European leaders are poised to announce a £600 billion deal to bail out Spain and Italy, it emerged at the G20 summit on Tuesday night.
Cypress became the 5th country in the Euro-Zone to get bailed out
Authorities from Cyprus and the so-called troika of international lenders – the European Commission, the European Central Bank and the International Monetary Fund – reached agreement on a bailout loan for the country of up to 10 billion euros. A look at key parts of the deal:
Authorities from Cyprus and the so-called troika of international lenders – the European Commission, the European Central Bank and the International Monetary Fund – reached agreement on a bailout loan for the country of up to 10 billion euros. A look at key parts of the deal:
Times are tough Ash