Cyprus Seeks More Time to Meet Targets in Talks With Troika

Cyprus Seeks More Time to Meet Targets in Talks With Troika

Simon Dawson/Bloomberg

An elderly woman sits and drinks coffee on a bench in a churchyard in Nicosia. Under the agreement reached for the country’s banks, 40 percent of deposits above 100,000 euros held at Bank of Cyprus Pcl will be temporarily frozen to ensure the lender’s liquidity, the Nicosia-based central bank said March 30.