The Cypriot President will meet with party leaders this morning in order to hammer out a Plan B in bid to save the country from bankruptcy.
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It follows last night’s rejection of the terms of the 10 billion euro EU-IMF bailout deal which would have seen a tax levied on people’s savings.
One of the options being explored by the government to make up the 5.8 billion-euro shortfall is to seek further Russian investments.
David Charter of The Time says President Nicos Anatasiades may try to hash out a deal with Russian gas company Gazprom:
