Arab Today, arab today esm decides to release first cyprus bailout fund
Last Updated : GMT 21:34:07
Arab Today, arab today
Arab Today, arab today

ESM decides to release first Cyprus bailout fund

Arab Today, arab today

Arab Today, arab today ESM decides to release first Cyprus bailout fund

Brussels - XINHUA

The European Stability Mechanism (ESM), the European Union (EU)\'s crisis resolution mechanism for the eurozone, decided on Monday to release the first tranche of financial assistance to Cyprus. Two billion euros (about 2.6 billion U.S. dollars) of the aid loans \"has been transferred today\" and the second - of up to 1 billion euros would be transferred before June 30, the ESM said in a statement. (1 euro = 1.30 U.S. dollars)

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