Tag Archives: Eurozone Finance Ministers Split On Banking Reform

EuroNews – Eurozone Finance Ministers Split On Banking Reform – 21 June 2013

images-euroEurozone finance ministers met in Luxembourg to discuss reform of the banking sector and a request by Cyprus to revise the terms of its ten billion euro bailout.

Austria’s Finance Minister Maria Fekter criticised Nicosia’s demands, saying “I can’t imagine that there’s a better alternative to what we have painfully agreed on all together. To question a contract we have made, and which has passed all national parliaments – including the Cypriot parliament – is a quite bold announcement!” Continue reading