Greek fund in legal move against Cyprus

Author (Person)
Series Title
Series Details 18.01.13
Publication Date 18/01/2013
Content Type

A Greek investment company (Marfin Investment Group (MIG)) launched legal action against Cyprus in January 2013 over the nationalisation in 2012 of Popular Bank (Marfin) amid growing concern that investors and depositors will have to accept losses in a projected international bailout of Cypriot banks.

Related Links
ESO: Background Information: Cyprus bailout delayed amid debt restructuring reports http://www.europeansources.info/record/cyprus-bailout-delayed-amid-debt-restructuring-reports/
Wikipedia: Cyprus Popular Bank http://en.wikipedia.org/wiki/Cyprus_Popular_Bank

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