Bondholders in Crosshairs as Merkel Travels to Cyprus
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Bondholders are in the crosshairs as German Chancellor Angela Merkel and her European allies gather in Cyprus amid talks over a bailout that may be as big as the nation’s entire economy.
Merkel said this week Cyprus won’t get “special” treatment as it negotiates the rescue it requested in June. Leaders of the European People’s Party descended on the city of Limassol to discuss the next European Union budget as they back Nicos Anastasiades, head of the DISY opposition, as successor to Communist President Demetris Christofias in February elections.