Top officials call to overhaul euro institutions
FILE - In this Thursday, March 28, 2013 file photo, people wait outside a branch of Laiki Bank in Nicosia. Engineering a financial bailout for Cyprus in March 2013 was such a chaotic process that top European officials say it is time to rethink how the region manages its crisis — and who should be involved. Officials say the International Monetary Fund, which has contributed financial expertise and billions in emergency loans, may no longer be needed as a key decision-making partner. And they say that the eurozone would be able to make decisions and take action more quickly if it wasn't bound by the need for unanimous agreement among its 17 member countries.
Read More
