The new proposal will set up a "good bank" and a "bad bank" andwill mean that the country’s second largest bank Laiki willeffectively be shut down, Reuters reports."It seems that the whole process is nearing an agreement,"the speaker of Cypriot parliament Yiannakis Omirou told reportersin the Cypriot capital. "A proposal is taking shape, anagreement, a program ... that will put in the next half hour, orhour, to the Eurogroup," he said.DETAILS TO FOLLOW … Read More
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