Monday, 25 March 2013

Cyprus gets aid deal (Report by Marketwatch)

SYDNEY (MarketWatch) -- Eurogroup officials announced a deal to provide Cyprus with 10 billion euros ($13 billion) in aid, in exchange for a series of measures which include the closure of a major bank and a levy on some large deposits. Top officials from the Eurogroup -- which represent the finance ministers of the 17 euro-zone nations -- briefed the news media on the deal shortly after midnight Monday morning, beating a deadline that would have shut down European Central Bank support and likely resulted in Cyprus leaving the currency bloc. Eurogroup chief Jeroen Dijsselbloem said deposits of less than €100,000 would be protected, but added that there was no way to save the country's second-largest lender, Popular Bank of Cyprus or "Laiki Bank."

958 Interview June 28, 2018: Wallstreet is just using "Trade War" as an Excuse for the Fall! (Translated to English using Google Translate)

          Wallstreet is just using "Trade War" as an Excuse for the Fall! Last night Dow Jones fell 165 points to close at  2...