Euro Ministers Push for Cyprus Deal After Merkel Demand
This article is for subscribers only.
Euro-area finance ministers pushed through the night toward a Cyprus rescue deal after German Chancellor Angela Merkel said Europe must act to support Cyprus after nine months of bailout talks.
Policy makers began meeting at 5 p.m. yesterday in Brussels in a hastily convened gathering, seeking to trim the amount of aid, overcome differences on losses for investors and decide on a role of the International Monetary Fund.