Ad
Anastasiades, who personally agreed the 'unjust' deal, speaking to media in Brussels (Photo: consilium.europa.eu)

Cyprus demands revision of 'unjust' EU bailout

Cypriot President Nicos Anastasiades has demanded a complete revision of his country's €10 billion bailout, which imposed unprecedented cuts on large depositors. But it is unlikely his request will be approved by eurozone ministers.

In a leaked letter sent last week to eurozone leaders, Anastasiades said his country was treated unjustly for fear its problems may spread to the barely-stable Greece, the Financial Times and AFP report.

"Artificial measures such as capital restriction...

To read this story, log in or subscribe

Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.

Already a member? Login
Anastasiades, who personally agreed the 'unjust' deal, speaking to media in Brussels (Photo: consilium.europa.eu)

Tags

Ad

Related articles

Ad
Ad