Select a language
The Eurogroup's decision to liquidate Laiki Bank, the second largest banking group in Cyprus, is the first such decision taken by the organisation since the onset of the Eurozone crisis at the end of 2009.
Following a meeting of finance ministers, Germany’s Wolfgang Schäuble, who has advocated a “hard line” with Nicosia, described the bailout deal negotiated with Cyprus as “fair”.
Do you like our work?
Help multilingual European journalism to thrive, without ads or paywalls. Your one-off or regular support will keep our newsroom independent. Thank you!
