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Cyprus rules out deposit tax in bailout plan
AlJazeeraEnglish·Published on Mar 21, 2013
The European Central Bank says it will cut off emergency aid to Cyprus, if a bailout plan is not in place by March 25.
Cyprus' politicians have held another round of talks on a bailout "Plan B" - to stop the country going bankrupt.
The country is also still trying to do a deal with Russia - which may involve stakes in the island's gas fields.
Al Jazeera's Peter Sharp reports from Nicosia.
- Here's how it's done, Cyprus.
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= new reply since forum marked as read
...about defaulting on the EU:
Plan B: Cyprus' President Nicos Anastasiades arrives for a meeting with party leaders at the presidential palace today
The fraught relationship between the EU and Cyprus is growing more unstable as concerns mount that German Chancellor Angela Merkel's rock-hard line towards the struggling state is pushing it into the arms of Russia.
A poll published today showed an overwhelming majority of the citizens in Cyprus would rather leave the euro zone and develop stronger ties with Russia than accept an unprecedented levy on bank deposits.
Read more: http://www.dailymail.co.uk/news/article-2296805/Germany-drives-Cyprus-arms-Russia-Cash-strapped-country-refuses-EU.html#ixzz2OBkNCcdB
- If anything he looks like he knows he has a hand full of EU short and curlies!