Connect to share and comment

URGENT ¥¥¥ Eurozone finance ministers to hold Cyprus conference call

PlacardEnlarge
(Globalpost/GlobalPost)

Eurozone finance ministers will stage a conference call at 1830 GMT on Monday to assess proposed changes to a hugely controversial 5.8-billion-euro levy on Cypriot bank accounts as part of a deal to bail out the debt-laden island's government, an EU official told AFP.

"The Eurogroup will hold a teleconference at 7:30 pm," the source said, as the fallout from the 5:00 am decision to "tax" account-holders rich and poor hit stocks, the euro and drew the wrath of Russian President Vladimir Putin.

ml-rt/rl

http://www.globalpost.com/dispatch/news/afp/130318/urgent-eurozone-finance-ministers-hold-cyprus-conference-call