Cyprus students' fears over bailout request

Graduates worry potential EU bailout of banking sector will make it even harder for them to find work.

    Cyprus will have to ask for an EU bailout of its banking sector, according to the head of the country's second-biggest bank.

    The country has been in deep recession for the last year, and the Cyprus Popular Bank has been seriously affected by the economic crisis in neighbouring Greece.

    Many university students in Cyprus fear that the bailout will lead to reduced government spending and less jobs.

    They say the doors to their desired professions may already be closing in a country with an already increasing unemployment rate. 

    Al Jazeera's Selina Downes reports.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Can Muslim leaders alter Trump's Jerusalem decision?

    Can Muslim leaders alter Trump's Jerusalem decision?

    Turkish president calls Jerusalem a 'red line' as he hosts an Organisation of Islamic Cooperation summit in Istanbul.

    'Beaten' Palestinian boy in viral photo charged

    'Beaten' Palestinian boy in viral photo charged

    Fawzi al-Junaidi, 16, denies accusations of throwing stones and protesting, saying he was severely beaten by Israelis.

    Donald Trump: A president swallowed by history

    Donald Trump: A president swallowed by history

    The US has tried and failed to create a capital for another state before. "Israeli" Jerusalem will be the next Saigon.