Monday, January 21, 2013

Cyprus Bailout Delayed Two More Months, European Union Chiefs Aim for February Budget Deal

Latest update from Eurozone news, Cameron's Europe speech delayed again, By Sunday, it was clear that the prime minister would not be able to deliver the speech on Monday as planned, but would have to wait until later in the week

From European Union chiefs aim for February budget deal, Herman Van Rompuy, European Council president, is planning to revive proposal he circulated at a November budget summit that ended in failure

Meanwhile, Cyprus bailout delayed two more months, European Union leaders decide to delay talks until the island's elections take place after losing confidence in Communist president Demetris Christofias

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