Voice of America: Cyprus Continues Efforts To Raise Funds By EU Deadline

Voice of America Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries

Cyprus Continues Efforts To Raise Funds By EU Deadline Mar 22nd 2013, 00:53 Cypriot leaders are meeting again Friday in another attempt to raise $7.5 billion by Monday, which is the deadline set by the European Union as a condition for extending a bailout package to the indebted island. The European Union, The European Central Bank and the International Monetary Fund have agreed to give Cyprus a $13 billion bailout to save it from defaulting on its debt. But they want the government to secure the rest of the funds needed to support Cyprus's failing banks. After ...

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