Cyprus Bailout Talks Stalled Money Laundering Accusations Could Delay Aid

Talks on a euro-zone bailout for Cyprus could be delayed by accusations reported in SPIEGEL that the island is helping rich Russians launder money. Cyprus has denied the accusations but is likely to come under increasing pressure to reform its financial sector to secure aid.
The presidential palace in Nikosia, Cyprus, which is in talks to receive a euro-zone bailout.

The presidential palace in Nikosia, Cyprus, which is in talks to receive a euro-zone bailout.

Katia Christodoulou/ dpa