Resistance in Cyprus Grows to Europe’s Bailout Plan
By LIZ ALDERMAN
Patrick Baz/Agence France-Presse — Getty Images
Cypriots held up their palms reading "No" during a protest against a bailout plan outside the Parliament in Nicosia on Monday.
President Nicos Anastasiades delayed a vote on a $13 billion deal that set off outrage for calling on Cypriot bank depositors to bear part of the cost, while stock markets faltered on concerns over the plan.
As Government Stands Firm, Analysts See Risk of New Recession in Britain
By JULIA WERDIGIER
Britain’s finance minister is expected to continue with his austerity plans when the budget is announced Wednesday, despite the failure of the policies to improve the economy to date.
VIDEO: A Contentious Bailout for Cyprus
The Times’s Peter Eavis explains why markets are on edge over the plan to save Cypriot banks.
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