‘EU loses cash control over Cyprus if Russia gives money’

The Cypriot finance minister is in Moscow as talks to save the offshore banking hub from bankruptcy, enter crunch time. The stakes are high, with speculation that Cyprus could offer natural gas exploration rights to secure Russian help. Time is running out for the island nation as dwindling cash reserves push it towards default. Steven Wolf, economic spokesperson for the UK Independence Party gives more perspective on the problems facing Cyprus.

Categories: Business, Politics

Tags: , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: