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Cyprus in Trouble - could the island nation need a bailout? | Made in Germany
Posted
August 10, 2011
Views
570
Likes
3
Engagement
0.53%
August 10, 2011
570
3
0.53%
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3:53Now PlayingSpeculation is rife that Cyprus could be the fourth eurozone nation to need rescue funding. The country is in crisis mode: An explosion knocked out its largest power station, leaving electricity in short supply.Moody's ratings agency downgraded the island nation's credit rating. Economic productivity has sunk dramatically, and the budget is out of control. Report by Julia Henrichmann.
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