Arab Today, arab today cyprus troika wants cuts of 925 mln euros
Last Updated : GMT 10:42:23
Arab Today, arab today
Arab Today, arab today

Cyprus; Troika wants cuts of 925 mln euros

Arab Today, arab today

Arab Today, arab today Cyprus; Troika wants cuts of 925 mln euros

Nicosia - ANSA

The Troika (IMF, ECB, European Commission) has asked the Cyprus\' government to cut 925 million euros in its budget, according to a report on state radio. The Council of Ministers continues its discussions today on counter proposals to the Troika for another week after holding a meeting yesterday in Nicosia that was inconclusive. The government wants a multi-billion-euro bailout for the financial and state sector from the European Financial Stability Fund (EFSF). \"The debate has not been completed, but the aim is to finish next Wednesday at 8.30pm ahead of a meeting set by the President with the parties next Friday at 5pm,\" said government spokesman Stefanos Stefanou. The package aims at reorganising the economy by tackling structural problems and distortions that have accumulated through the years, said the spokesman. Secondly, it aims to support development and thirdly, social cohesion, he said. The government wants to protect pensioners and other vulnerable groups, and will continue to work to support the welfare state, said Stefanou. The spokesman did not go into details, saying the package has not been finalised. No date has been set yet for the Troika\'s return, and Stefanou said that any loan received from the European Financial Stability Fund (EFSF) would have a time horizon of several years for repayment. There are various estimates about how much Cyprus\' bailout will be, ranging from 10 to 15 billion euros, but so far there has been no official confirmation.

arabstoday
arabstoday

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 troika wants cuts of 925 mln euros Arab Today, arab today cyprus troika wants cuts of 925 mln euros

 



Arab Today, arab today

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 troika wants cuts of 925 mln euros Arab Today, arab today cyprus troika wants cuts of 925 mln euros

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
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