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

    Why Jerusalem is not the capital of Israel

    Why Jerusalem is not the capital of Israel

    No country in the world recognises Jerusalem as Israel's capital.

    Strong quotes for Martin Luther King Jr Day

    Quotes from Martin Luther King Jr that resonate today

    Quotes of justice, education, religion and race said by MLK Jr.

    Bitcoin: Know the risks before you buy

    Bitcoin: All you need to know before you buy

    'Bitcoin is right now the riskiest investment you can make.' Here are the risks you should consider before you buy.