News Headline Summary

EU says working to find a solution for Cyprus

Says:
- No European Commission proposal to burn, bail in Cyprus depositors.

Update details:

- Over the weekend, The Financial Times reported that a new option for the financial rescue of Cyprus would force losses on uninsured depositors in Cypriot banks, as well as investors in the country’s sovereign bonds, according to a confidential memorandum prepared ahead of today's Eurogroup meeting.

Print 11:35, 11 Feb 2013 - Economic commentary - Source: Newswires