Tag Archives: Christian Reiermann And Markus Dettmer

Der Spiegel – Christian Reiermann And Markus Dettmer – Cyprus Makes Big Concessions For Bailout – 10 December 2012

CypresflagCyprus wants help from the European Union’s bailout fund. But the price for the billions in emergency aid money is high. The country will effectively lose its sovereignty.

Dimitris Christofias had a serious look on his face as he turned to the cameras and spoke of what a “gut-wrenching” decision it was, but added that it was also a “necessary evil.” The Cypriot president was not giving his people good news.  Continue reading