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Cyprus News Agency: News in English, 12-11-30

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

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


CONTENTS

  • [01] Interest rate for Cyprus' bailout loan expected at 2.5%, FinMin says

  • [01] Interest rate for Cyprus' bailout loan expected at 2.5%, FinMin says

    The interest rate of Cyprus` bailout loan is expected to be around 2.5%, Finance Minister Vassos Shiarly said on Wednesday.

    Speaking before the House Committee on Finance, in Nicosia, where he presented the 2013 State Budget and the 2013-2016 Medium Term Fiscal Framework, the Minister also said he expected the discussion in the Eurogroup during the next few weeks on the approval of Cyprus` bailout agreement to be "as difficult as the process" of negotiations with the Troika.

    He also noted that some draft bills, pertinent to the bailout agreement, need to be urgently discussed and ratified by the House of Representatives, before the Eurogroup meeting, to avoid possible problems by some Eurozone members.


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