Talk to Al Jazeera : Michael Sarris: ‘A case of take it or leave it’

The former Cypriot finance minister claims the IMF and EU bullied him into accepting an unprecedented bailout proposal.

Four months after Cyprus was bailed out by the European Union (EU) the country is back in the news. International lenders are now reviewing how the island is meeting the conditions of its $13bn bailout. The deal was struck with international lenders last March to pull Cyprus away from the brink of financial meltdown, but in return the nation had to wind down an insolvent bank and impose losses on big deposits in a second bank.

Published by:  www.aljazeera.com