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Cyprus talks to continue; no deal yet

March 24, 2013 • World News


A man sit at a restaurant, as a woman passes at Solomou square, in the old city of the capital Nicosia, Cyprus, Saturday, March 23, 2013. Politicians in Cyprus were racing Saturday to complete an alternative plan raising funds necessary for the country to qualify for an international bailout, with a potential bankruptcy just three days away. (AP Photo/Petros Karadjias)

NICOSIA, Cyprus (AP) — Cyprus officials and international representatives ended torturous negotiation in the early hours of Sunday with no agreement on a plan to raise money the island nation needs to qualify for a bailout package. Talks are set to resume later Sunday in Brussels, but time is running out: Failure would mean Cyprus could declare bankruptcy in just two days and possibly have to exit the eurozone.

Cyprus President Nicos Anastasiades and Finance Minister Michalis Sarris will travel to the Belgian capital early Sunday. A viable plan must be cemented before finance ministers from the 17 countries that Login to read more

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