TITLE

Cyprus agrees £10bn bailout with EU and IMF

AUTHOR(S)
Dale, Samuel
PUB. DATE
March 2013
SOURCE
Mortgage Strategy (Online Edition);3/25/2013, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on an agreement of a bailout by Cyprus with European Union (EU) and International Monetary Fund that will lead to huge losses on large deposits. It is noted that a 6.75% levy on savings was threatened by the previous bailout package guaranteed under the EU-wide deposit guarantee scheme.
ACCESSION #
86706642

 

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