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Athens Macedonian News Agency: News in English, 13-03-21

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

From: The Athens News Agency at <>


  • [01] Eurogroup 'ready to discuss' new proposal with Cyprus

  • [01] Eurogroup 'ready to discuss' new proposal with Cyprus

    AMNA -- Greek Finance Minister Yannis Stournaras participated in an emergency teleconference of the eurogroup, the eurozone's finance ministers, on Thursday night, to take stock of the developments in Cyprus.

    In a statement following the teleconference, eurogroup president Jeroen Dijsselbloem said that "the eurogroup stands ready to discuss with the Cypriot authorities a draft new proposal, which it expects the Cyprus authorities to present as rapidly as possible. The eurogroup would subsequently, on the basis of a troika analysis that needs to be undertaken, be prepared to continue negotiations on an adjustment programme, while respecting the parameters defined earlier by the eurogroup. After the conclusion of such negotiations the Cyprus authorities should begin legislating the elements of such an agreement."

    He added, "The eurogroup reaffirms the importance of fully guaranteeing deposits below 100,000 euros in the EU. The euro area member states continue to stand ready to assist the Cypriot people in their reform efforts and stand ready to ensure the stability of the euro area as a whole."

    Stournaras, speaking to the press following the teleconference, reiterated that "there is no risk for deposits of Cypus banks in Greece."

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