Thursday

5th May 2016

Ticker

Reports: Eurogroup rejects Cyprus' plan B

The Eurogroup and the German government has made it clear to Nicosia that a plan B excluding a levy on deposits above €100,000 is unacceptable, Handelsblatt and Financial Times report. The Cypriot government tried to cobble together €5.8bn by nationalising pension funds and issuing bonds on future gas reserves.

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