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Cyprus says rise in bailout costs won't affect ban

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Post# of 28539
Posted On: 04/13/2013 8:27:57 AM
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Posted By: testuser
Cyprus says rise in bailout costs won't affect banks or depositors By Karolina Tagaris and Michele Kambas NICOSIA (Reuters) - Cyprus said on Friday that an increase in the cost of its total bailout package to about 23 billion euros would not lead to more money being taken from depositors in the country's banks. Cyprus has been thrown into economic turmoil. The terms of its bailout have forced massive losses on depositors at two of its biggest banks - one of which will be wound down altogether. The government is also piling pressure on the central bank governor to quit. ...


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