Friday, July 25, 2014





Cyprus says banking sector talks with troika done


February 19. 2013 6:01PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) A spokeswoman for Cyprus' central bank says talks with potential creditors on fixing the country's troubled banking sector have wrapped up, signaling progress in ongoing bailout negotiations.


Aliki Stylianou said Sunday the development puts banks on track to regaining credibility after losing billions on bad Greek debt.


Cyprus requested financial aid in June from the European Commission, the European Central Bank and the International Monetary Fund. Disagreements with the troika still remain, such as privatizing state-owned firms.


But a bailout hinges on how much money banks will need to recover and a preliminary figure is expected later this month or early December.


The news comes after international credit rating agency Moody's warned on Friday that it may downgrade Cyprus deeper into junk because of the slow pace of bailout talks.


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