Wednesday, September 14, 2011

Russia seeks Emergency Loan to "stave off the immediate danger of default"

Russia prepared to ride to Nicosia's aid - Topix


Clip from article:

Russia prepared to ride to Nicosia's aid - Topix

Russia is poised to save Cyprus from financial meltdown with a €2.5bn (£2.2bn) loan that will enable it to pay maturing debt and deal with its burgeoning budget deficit.

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