Cyprus is likely to request bailout

Note: This section contains information in English only.
Source: The Wall Street Journal
With Greece's deepening financial crisis, Cyprus is increasingly likely to become the fourth Eurozone country to ask for financial aid, as it struggles to protect the banking system from the Greek contagion. Cyprus's second biggest bank has already sought government financial support for a recapitalization, causing Cyprus to miss the budget targets this year. 
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Mon, 04 Jun 2012 06:53:18 GMT

Companies prepare for the worst

As the majority of executives and analysts agree that the impact of Greek exit from Eurozone is difficult to predict, multinationals prepare for the worst to be well-equipped in case any contingency arises. Companies mostly are concerned about cash retrieval, should Greece reverts to the Drachmas, paralysis in international payments, breakup of the Euro and civil unrest in Greece. 

Mon, 04 Jun 2012 06:30:14 GMT

Investors worried over global economy

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