REPORTS: The President Of Cyprus Threatened To Resign To Christine Lagarde
Enviado por Júlio Marques Mota
Tonight is a crucial night for Cyprus, as it attempts to cobble together a deal that can rescue its banks via a combination of outside aid and domestic taxation, pleasing both European partners and the Cypriot parliament that must vote on the law.
A meeting of the Eurogroup — which would have to agree to any plan — is currently scheduled for 8 PM in Brussels. That in itself is a delay from the original scheduled start.
It’s going to be a long night in Brussels.
And now another dramatic report.
Faisal Islam — the economics editor at UK’s Channel 4 — reports on what’s being said in local media in Cyprus.