Last minute negotiations in Cyprus aimed at averting a banking collapse stretched into the early hours of Sunday without agreement on a plan to raise funds needed to qualify for an international bailout.

Failure by Cyprus leaders to reach a deal by Monday with envoys from the European Central Bank, the European Commission and the International Monetary Fund could force the country into bankruptcy and lead to its ouster from the 17-member eurozone.

Cyprus has been told by the so-called troika … [Read More]

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Source: VOA News: Economy and Finance