The Mediterranean island, with an economy that generates a little over 17 billion euros in annual gross domestic product, may need 10 billion euros to rescue a financial sector hammered by its exposure to Greek debt.
Showing posts with label fiscal austerity. Show all posts
Showing posts with label fiscal austerity. Show all posts
Wednesday, September 5, 2012
Russian loan will not ease Cypriot austerity plan
The Mediterranean island, with an economy that generates a little over 17 billion euros in annual gross domestic product, may need 10 billion euros to rescue a financial sector hammered by its exposure to Greek debt.
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