Cyprus in Trouble - could the island nation need a bailout? | Made in Germany
- 13 years ago
Speculation is rife that Cyprus could be the fourth eurozone nation to need rescue funding. The country is in crisis mode: An explosion knocked out its largest power station, leaving electricity in short supply.Moody's ratings agency downgraded the island nation's credit rating. Economic productivity has sunk dramatically, and the budget is out of control. Report by Julia Henrichmann.