EU officials OK bailout for Cyprus

Posted: March 25, 2013 at 5:24 a.m.

French Finance Minister Pierre Moscovici (from front left), Managing Director of the International Monetary Fund Christine Lagarde, German Finance Minister Wolfgang Schaeuble and Austria’s Finance Minister Maria Fekter talk during an emergency eurogroup meeting in Brussels on Sunday.

Cyprus secured a package of rescue loans in tense, last-ditch negotiations early today, EU diplomats said, saving the country from a banking system collapse and bankruptcy.


Protesters take part in an anti-bailout rally outside the Cyprus presidential palace in Nicosia on Sunday. (By: PETROS GIANNAKOURIS) (Credit: AP)

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Front Section, Pages 1 on 03/25/2013


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