Calculating the Impact of Cyprus’s Bailout

WHAT are the implications of the huge losses — 60 percent — that the Cypriot bailout is imposing on the biggest depositors of that country’s two largest banks?

EU ministers discuss Cyprus bailout, bank rescues

BRUSSELS (AP) — European Union finance ministers were discussing Monday how to fund a long-delayed bailout for Cyprus, which creditor nations want to commit to tougher conditions, and get a region-wide bank rescue fund working.