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Cyprus banks to remain closed another 2 days

NICOSIA, Cyprus (AP) — Cyprus’ banks will remain closed Thursday and Friday as officials try to find a new plan to stave off bankruptcy.

Aliki Stylianou, the central bank’s spokeswoman, confirmed the additional two-day closure on Wednesday. The cash-strapped lenders have been closed since Saturday to avoid a bank run.

The Parliament this week rejected a plan to take a portion of bank deposits. That has left Cypriot officials looking for alternative ways to scrounge up some 5.8 billion euros ($7.51 billion) that the country’s euro area partners and the IMF expect in order to loan another 10 bil...

 

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