Cyprus

Cypriots panic as rumours swirl of more bank closures after €10bn

Anger at a deal aimed at saving Cyprus from bankruptcy spilled into the streets today with thousands of students and finance workers demanding answers after the government said banks would remain shut for two more days and details of strict capital control measures emerged.

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Race on to solve Cyprus crisis before the money runs out

Cypriot politicians were locked in emergency talks with both Russia and the European Union as they scrambled to come up with a new bailout plan to save the country’s economy. The critical talks came after parliament overwhelmingly rejected a measure to dock people’s savings.