Euro ministers back 10 billion euro Cyprus bailout
Post# of 28526
Posted On: 04/13/2013 8:27:57 AM
Euro ministers back 10 billion euro Cyprus bailout
By Jan Strupczewski and Annika Breidthardt DUBLIN (Reuters) - Euro zone finance ministers backed a 10 billion euro bailout for Cyprus on Friday and the European Commission said it would try to help the island's economy grow again with better use of EU structural funds. The ministerial support opens the way for several euro zone countries, including Germany and Finland to seek approval for the three-year bailout in national parliaments, so that loan agreement with Nicosia can be signed by April 24. ...
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