04-30-2017  5:37 pm      •     
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NEWS BRIEFS

"How to Prepare for an Earthquake"

Free presentation on earthquake preparedness at Roosevelt High School, May 2 ...

Clark College Hosts Over 100 Employers at Job Fair

Annual Career Days workshops and job fair provides students and community members with skills and connections to find jobs ...

Oscar Arana Chosen to Lead NAYA’s Community Development

Oscar Arana to serve as NAYA’s next Director of Community Development ...

High School Students Launch Police Forum, May 16

Police Peace PDX is a student-founded organization that bridges divides between community and police ...

U.S. & WORLD NEWS

OPINION

Take Care of Yourself, Your Health and Your Community

Sirius Bonner, Director of Equity and Inclusion for Planned Parenthood Columbia Willamette, writes about the importance of...

Sponsors of Hate Today Must Be Held Accountable

The Foundation for the Carolinas has spent tens of millions of dollars over the years supporting groups that sponsor hate ...

John E. Warren on the Woes of Wells Fargo

Wells Fargo's rating downgraded from "Outstanding" to "Needs to Improve" ...

CBC Opposes Nomination of Judge Gorsuch and the Senate Should Too

Americans need a Supreme Court justice who will judge cases on the merits, not based on his or her personal philosophies ...

AFRICAN AMERICANS IN THE NEWS

ENTERTAINMENT

NEW YORK (CNNMoney) -- Cypriot finance minister Michael Sarris resigned Tuesday, just days after the country accepted a 10 billion euro bailout to stave off a disorderly banking collapse.

Cypriot government spokesperson Christos Stylianides confirmed the resignation with CNN.

The country is still in the midst of trying to negotiate better terms for its bailout, which will see large bank depositors lose a significant portion of their savings.

The European Commission, European Central Bank and International Monetary Fund, known as the troika, will be meeting later this week to discuss the bailout terms and conditions.

The tiny island nation was brought to the brink of financial collapse and faced a possible exit from the eurozone after its two biggest banks -- Bank of Cyprus and Popular Bank -- took big losses on Greek government debt, wiping out a third of their combined capital.

After months of negotiations, Cyprus signed up last week for a bailout from its eurozone partners, worth nearly 60% of gross domestic product.

In return, Cyprus committed to raise billions from big depositors to fund the winding down of Popular Bank and to recapitalize Bank of Cyprus.

A spokesman for the finance ministry told CNN that the minister of labour and social insurance, Harris Georgiades, will become the new finance minister.

-- CNNMoney's Mark Thompson contributed

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