Arab Today, arab today cyprus bank bailout review delayed
Last Updated : GMT 13:59:43
Arab Today, arab today
Arab Today, arab today

Cyprus bank bailout review delayed

Arab Today, arab today

Arab Today, arab today Cyprus bank bailout review delayed

Nicosia - AFP

The Cyprus Central Bank said on Saturday that a study into how much the country's Greek-exposed banking system needs as part of an EU bailout package has yet to be finalised. The bank said in a statement that the due diligence review of the banking system -- expected to be completed on January 18 -- was not yet finalised. "An examination of the technical details of the calculation of capital requirements for financial institutions in Cyprus is still under way," it said. "Once this process is complete we will issue an announcement." Without a figure for bank recapitalisation -- the lion's share of an EU bailout -- there can be no agreement on a final loan deal for Cyprus. Nicosia applied for EU financial aid in June when its two largest banks asked for financial assistance, but agreement on the terms of the deal have dragged on. Eurozone finance ministers will meet on Monday to discuss the bailout terms, but no final decision is now likely without a firm figure for bank recapitalisation. In a draft agreement with the troika of international lenders the amount for the banks was set at up to 10 billion euros as part of a total package which could reach 17.5 billion euros -- matching the island's entire economy. Although Cyprus has pushed through harsh austerity measures of around 1.2 billion euros in tax hikes and savings, fellow EU partners have called for more reforms. Nicosia says it has done everything asked of it under the preliminary agreement with the troika -- the European Commission, European Central Bank and the International Monetary Fund. "Cyprus is a reliable partner that honours what it has agreed and is committed to," President Demetris Christofias told reporters on Saturday.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cyprus bank bailout review delayed Arab Today, arab today cyprus bank bailout review delayed

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday