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Eurozone offers Cyprus the exit - our way or the highway

From telegraph.co.uk

The eurozone will show Cyprus the exit from the EU single currency today unless it bows to demands to effectively wind down its largest bank, devastating the island's economy. The Cypriot President Nicos Anastasiades and other ministers arrive in Brussels mid-morning for meetings this afternoon with senior EU leaders, including Herman Van Rompuy, the European Council president, and Christine Lagarde, the IMF’s managing director. The leaders of the debt-laden island will then meet with eurozone finance ministers for last-ditch talks to secure a €10bn (£8.5bn) to save Cyprus from bankruptcy. The negotiations are ... (full story)

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