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Cyprus approves plan to raise €5.8bn

Officials in Cyprus have approved the first part of a plan they hope will raise the €5.8 bil...
Newstalk
Newstalk

11.23 23 Mar 2013


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Cyprus approves plan to raise...

Cyprus approves plan to raise €5.8bn

Newstalk
Newstalk

11.23 23 Mar 2013


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Officials in Cyprus have approved the first part of a plan they hope will raise the €5.8 billion needed to secure the much needed bailout before the Monday deadline.

The country's parliament voted on a number of measures last night including the restructuring of a major bank.

The Cypriot President is expected to travel to Brussels today to outline the revised terms of the bailout with the Troika.

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Chris Bailey who lives in Cyprus says he says the atmosphere there is strange: 


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