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Modern Armenia » Eurozone ministers may agree Cyprus bailout deal in mid-Dec

 

  •    Eurozone ministers might determine Cyprus bailout understanding in mid-Dec   

    PanARMENIAN.Net – Cyprus could determine a bailout understanding with eurozone financial ministers by mid-December and get a initial tranche of supports to seaside adult a banks by a finish of January, a financial apportion pronounced on Thursday, according to Reuters.

    Vassos Shiarly told lawmakers a rough agreement had been reached with general creditors, that indispensable to be supplemented with a decisive comment of a banks’ recapitalization needs.

    That comment will be prepared by Dec 7, he said.

    “There is a rough understanding with a troika,” Shiarly said, referring to lenders from a International Monetary Fund, a European Central Bank and a European Commission. “(But) we expect discussions over a subsequent few weeks will be difficult, maybe some-more so than before.”

    Shiarly pronounced authorities were deliberating an seductiveness rate of 2.5 percent with lenders, that he described as “very good” underneath a circumstances.

    Lenders contend a final

    Article source: http://www.panarmenian.net/eng/news/134896/

    Tags: armenian economy

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