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Cyprus, Seeking Aid, Says Greek Bailout Damaged Banking Sector.

Authors :
Kanter, James
Source :
New York Times. 7/7/2012, Vol. 161 Issue 55825, p3. 0p.
Publication Year :
2012

Abstract

NICOSIA, Cyprus -- The finance minister of Cyprus, Vassos Shiarly, strongly criticized European and international lenders on Friday, accusing them of damaging his nation's banking sector during the bailout of Greece. The comments reflect Cypriot frustration with the exposure of the country's banking sector to a large write-down for investors that eased the burden on Athens. But the comments also showed Cypriot officials preparing to take a strong negotiating position with European and international lenders ahead of talks on their own country's bailout. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
03624331
Volume :
161
Issue :
55825
Database :
Academic Search Index
Journal :
New York Times
Publication Type :
News
Accession number :
77556234