-
Cyprus Set to Debate Bailout Bill as ECB Deadline Looms
Cypriot lawmakers begin debate today on legislation to unlock bailout funds and prevent a financial collapse with a European Central Bank deadline to cut off funding for its lenders in three days. 3:45 March 22 (Bloomberg) -- Daniel Fuss, vice chairman of Loomis Sayles & Co., talks about the banking crisis in Cyprus. He speaks from Tokyo with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg) Enlarge image Cyprus Finance Minister Michael Sarris said, “I think the loan will be extended and the conditions adjusted. But the rest of the support we are not ready to have concluded anything.” ... (full story)