Cyprus might wind up with two foreign bailouts
The island state could soon get cheap loans from Russia, whose citizens hold large Cypriot bank deposits. That would help Cyprus’ anaemic economy recover from an explosion in July at its main power plant. But if Greece defaults, its banks may need a euro zone bailout too.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.