Thursday, March 28, 2013

Russia Rebuffs Cyprus Aid; EU Awaits Bailout ‘Plan B’

March 22, 2013Email ThisPrintNewslettersTweetArticleCommentsCyprus’ finance minister left Moscow empty-handed on Friday after Russia turned down appeals for aid, leaving the island to strike a bailout deal with the European Union before Tuesday or face the collapse of its financial system.

The rebuff left Cyprus looking increasingly isolated, with the deadline looming to find billions of euros demanded by the EU in return for a

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