Cyprus Energy Minister George Lakkotrypis was also in Moscow, officially for a tourism exhibition, but fuelling talk that access to untapped offshore gas reserves could be on the table as part of a deal for Russian aid. Cyprus has found big gas fields
This is not really about Cyprus, of course, but about the precedent that is being set there. In exchange for an infusion of capital into the nation's banks, Cyprus is being asked to impose a "special bank levy" that would take
NICOSIA, Cyprus — Lawmakers rejected a 10 billion euro bailout package on Tuesday, sending the president back to the drawing board to devise a new plan that might still enable the country to receive a financial lifeline while avoiding a default that
This is not really about Cyprus, of course, but about the precedent that is being set there. In exchange for an infusion of capital into the nation's banks, Cyprus is being asked to impose a "special bank levy" that would take
If the lawmakers want to reject the Eurogroup's plan, they know what they must do.
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Cyprus seeks Russian rescue, EU threatens cutoff
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