Cypriot government
  • Meeting underway at central bank to discuss an alternative plan for raising funds, but also for reducing the 5.8 billion euros that must be found domestically.

    Cyprus' President Nicos Anastasiades center, takes part in a meeting with various party leaders and the governor of the Central Bank of Cyprus Panicos Demetriades, second right, at the Presidential Palace in Nicosia, Wednesday, March 20, 2013.
    LAST UPDATE : Mar 20, 2013, 11:44 AM EDT
  • The agency said that the downgrade to CCC+ is due to a "considerable and rising" risk that the country, one of the 17 E.U. countries that uses the euro, may default.

    LAST UPDATE : Dec 21, 2012, 5:13 AM EST