Author (Corporate) | European Central Bank |
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Series Title | Press Release |
Series Details | 21.03.13 |
Publication Date | 21/03/2013 |
Content Type | News |
Members of Parliament in Cyprus were due to begin voting on a series of bills on the 22 March 2013 that aimed to raise the funds the country needs to secure an international bailout. The country was seen to be in a race against time after the European Central Bank on the 21 March 2013 gave Cyprus until the 25 March 2013 to find the money. If it did not, liquidity to the country's banks could be cut off and they could collapse. Talks on new Russian financial aid for Cyprus had failed, Russia's finance minister confirmed on the 21 March 2013. |
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Source Link | Link to Main Source http://www.ecb.int/press/pr/date/2013/html/pr130321.en.html |
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Subject Categories | Economic and Financial Affairs |
Countries / Regions | Cyprus, Europe |