Thursday, July 24, 2014





Cyprus president expects positive bailout review


October 28. 2013 8:36AM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Cyprus' president says he expects international creditors' latest review to approve the country's handling of its bailout program.


Cyprus in March got a 10 billion-euro ($13.78 billion) loan to save it from bankruptcy, but in return it had to commit to a series of reforms and measures.


Among those, uninsured depositors in the country's two biggest banks were forced to take major losses on their savings. The second-largest bank, Laiki, was shut down and authorities imposed capital controls to prevent a run.


Nicos Anastasiades said Monday that a second assessment by the country's eurozone partners and the International Monetary Fund will be "equally significant and positive" as their initial one over the summer.


EU and IMF officials are due to begin their review Tuesday.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds