Cyprus says tax on deposits was alternative to bankruptcy
NICOSIA, March 17
NICOSIA, March 17 (Reuters) - Cyprus's president said on Sunday he had to accept a painful compromise on accepting a tax on bank deposits in return for international aid, or else the island would have faced bankruptcy.
"The solution we concluded is not what we wanted, but is the least painful under the circumstances," President Nicos Anastasiades said in a state address.
- South Korea expands air defense zone to partially overlap China's |
- Dynasty's Congress party punished in Indian state elections
- U.S. war veteran released by North Korea returns home |
- Thai PM proposes referendum on her future as protesters prepare big push
- Ukraine opposition rally keeps pressure on Yanukovich