Cyprus Bank Bill Splits Good and Bad Assets - Presented by: The Aol. On Network

Protesters gather outside parliament in Cyprus, as the government races to avoid financial meltdown. Social unrest is growing as officials struggle to approve a deal for a 10 billion euro ($13.00 billion) bailout from the European Union. On Friday (March 22), parliament adopted legislation to allow failing lenders to be split into good and bad banks. Lawmakers also voted to nationalise pension funds and pool state assets for a bond issue.



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