Cyprus throws bailout into disarray, seeks Russian help

By Michele Kambas and Karolina Tagaris

NICOSIA |
Wed Mar 20, 2013 7:44am GMT

NICOSIA (Reuters) – Cypriot leaders hold predicament talks on Wednesday to avert financial meltdown after rejecting a terms of a European Union bailout and throwing efforts to rescue a latest misadventure of a euro section debt predicament into disarray.

The rejecting of an rare levy on bank deposits, a condition of a 10 billion euro ($12.89 billion) EU bailout, expel a 17-nation banking confederation into uncharted waters after Greece, Portugal, Ireland, Spain and Italy all supposed satirical purgation measures over a final 3 years to secure European aid.

President Nicos

Read full article: http://www.smh.com.au/environment/animals/us-nz-call-for-giant-antarctic-marine-park-20130319-2gdij.html

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Source:
http://www.news.ezonearticle.com/2013/03/20/cyprus-throws-bailout-into-disarray-seeks-russian-help/