Cyprus seals last-minute bailout deal
- 11 years ago
Negotiators have struck an 11th hour deal to bail out Cyprus's faltering economy.
The unpopular levy on bank savings - which brought protestors onto the streets - has been reformed.
But although poorer savers will now be protected, major investors face a big bill with at least one bank being closed down. Thousands of people will lose their jobs.
Al Jazeera's Mereana Hond reports.
The unpopular levy on bank savings - which brought protestors onto the streets - has been reformed.
But although poorer savers will now be protected, major investors face a big bill with at least one bank being closed down. Thousands of people will lose their jobs.
Al Jazeera's Mereana Hond reports.