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Officials: Overhaul Europe’s aid triad

Posted: May 18, 2013 at 3:46 a.m.

People wait outside a branch of Laiki Bank in Nicosia, Cyprus, in late March, when efforts to engineer a financial bailout for the country proved chaotic for European officials.

Engineering a financial bailout for Cyprus in March was such a chaotic process that top European officials say it is time to rethink how the region manages its crisis — and who should be involved.

This story is only available from our archives.

Business, Pages 31 on 05/18/2013

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