Cyprus, the European Union and the International Monetary Fund have agreed a new plan to try to resolve the island’s shattered banks and finance a rescue of the country, EU officials said early on Monday.
The proposal, which will now be put to euro zone finance ministers for approval, will involve setting up a “good bank” and a “bad bank”.
via Business feed http://www.scmp.com/business/money/market-snapshot/article/1199267/cyprus-and-euimf-agree-draft-proposal-rescue-banks
No comments:
Post a Comment