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# bailout drama

All time

Cyprus

Cypriot president: Bank deposits levy the 'least painful option'

“The solution we came to is certainly not the one we wanted, but its the least painful under the circumstances,” president Nicos Anastasiades said in a televised address to Cypriots this evening.

9.5k

Mar 17th 2013, 7:33 PM

bailout drama

Cyprus may call extra bank holiday to get time to pass unpopular bailout deal

The president needs to get the legislation ratifying the deal through parliament before banks reopen on Tuesday – or face a run on accounts.

7.4k

Mar 17th 2013, 2:20 PM