[QODLink]
Europe
Cyprus students' fears over bailout request
Graduates worry potential EU bailout of banking sector will make it even harder for them to find work.
Last Modified: 09 Jun 2012 20:43

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.

91

Source:
Al Jazeera
Topics in this article
People
Country
Organisation
Featured on Al Jazeera
UNHCR says hundreds of people trapped in Yaloke town risk death if they are not evacuated to safety urgently.
'Justice for All' demonstrations swell across the US over the deaths of African Americans in police encounters.
Six former Guantanamo detainees are now free in Uruguay with some hailing the decision to grant them asylum.
Disproportionately high number of Aboriginal people in prison highlights inequality and marginalisation, critics say.
Featured
Long-standing dispute over Christian use of the word 'Allah' raises concerns about a very un-Merry Christmas.
The threat posed by ISIL has prompted thousands of young Kurds to join the PKK.
Baja California - with its own grim history of disappeared people - finds a voice in the fight against violence.
Russian feminist rockers fight system holding 700,000 - the world's largest per capita prison population after the US.
Weeks of growing protests against Muslims continue in Dresden with 15,000 hitting the streets last Monday.