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EU, Japan postpone Cyprus summit

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European Union leaders have announced the indefinite postponement of a key summit with Japan intended to launch crucial free trade negotiations next week because of the mounting debt crisis in bankruptcy-threatened Cyprus. 

EU commission President Jose Manuel Barroso speaks in Moscow, on March 21, 2013. European Union leaders announced late Friday the indefinite postponement of a key summit with Japan intended to launch crucial free trade negotiations next week because of the mounting debt crisis in bankruptcy-threatened Cyprus.

"It is with regret that we have decided to postpone next week's EU-Japan summit," EU Council and Commission heads Herman Van Rompuy and Jose Manuel Barroso said in a surprise statement late Friday.

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