Cyprus government makes deposit in Co-op Bank ahead of sale

Cyprus government makes deposit in Co-op Bank ahead of sale



NICOSIA, Cyprus— The Cyprus government deposited Tuesday 2.5 billion euros into the island-nation's troubled Cooperative Bank in an attempt to dispel any uncertainty over its future. Government Spokesman Prodromos Prodromou said he hoped the deposit, mainly in the form of a bond issue, aimed to protect savers and quash any "irresponsible rumors" about the…



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