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Cyprus News Agency: News in English, 13-04-12

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] Spokesman: No additional needs for Cyprus beyond those agreed

    with Troika


  • [01] Spokesman: No additional needs for Cyprus beyond those agreed with Troika

    Government Spokesman Christos Stylianidis said on Friday that although the European Commission has raised the financial needs of Cyprus from 17.5 to 23.5 billion euro, this does not indicate any new burdens on depositors, or recapitalization of banks.

    Stylianidis added that the European Commission does not imply any additional needs for Cyprus beyond those which are already included in the Memorandum with the Troika (ECB, EC, IMF)

    As he said, the European Commission's estimations for 23.5 billion have already been considered and assessed in the final Memorandum and the loan agreement with the Troika.


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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