03/29/13

Permalink EU selling bailout deal at too high a price: Cypriot FM

Cyprus says the economic burden that the European Union seeks to impose on the country for a bailout deal is “too high,” leading to “enormous difficulties” for the Cypriots. - “Europe is pretending to help us but the price to pay is too high: nothing less than the brutal destruction of our economic model which will cause enormous, long term difficulties for the Cypriot people,” said Cypriot Foreign Minister Ioannis Kasoulides in an interview with the French financial daily Les Echos published on Wednesday.

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