- Planetary alignment peaks with celestial show this weekend
- UK fighters escort Pakistan plane to airport, two arrests
- Arizona jury foreman says believed Jodi Arias was abused
- Judge rules against 'America's toughest sheriff' in racial profiling lawsuit
- Justice Department defends journalist email search
Cyprus parliament starts debate on bank break-up, fund
NICOSIA, March 22 |
NICOSIA, March 22 (Reuters) - Cyprus's parliament convened in an emergency session on Friday to discuss legislation breaking up the island's second-largest lender as the country teetered on the brink of financial meltdown.
Lawmakers was expected to discuss creating a so-called "solidarity fund", even though international lenders have rejected it as an option for the country to raise cash.
They were also due to discuss imposing capital controls, giving authorities power to restrict cash outflows amid worries of a bank run.
- Tweet this
- Share this
- Digg this