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Cyprus Demands Further Capital Aid

Published: June 19, 2013; 16:09 · (Vindobona)

In a letter to the European Union, President of Cyprus Nikos Anastasiades demands further capital support for the Bank of Cyprus, the “Wallstreet Journal” reports. According to him, Cyprus’ economy depended on it.

Cyprus Demands Further Capital Aid / Picture: © Flickr

Only a few months after the billions-worth aid package for the rescue of banks in Cyprus, the Cyprian government has asked the Eurozone for help for the ailing Bank of Cyprus, the island’s biggest bank. This derives from a letter to the EU authority, which the Wallstreet Journals has got hold of on Tuesday. An employee of the EU Commission has confirmed having received the letter, but…

This article includes a total of 431 words.

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