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Euro crisis: Is there a way out for Cyprus?

Posted on 24 April 2013

On April 12, Cyprus was at the top of the agenda for European Union finance ministers meeting in Dublin to discuss aid for struggling EU members. The EU finance ministers confirmed that 10 billion euros will be provided to Cyprus by the EU and the International Monetary Fund. The ministers also rejected reports that the country would be granted more financial assistance.
Cypriot presidential spokesman, Christos Stylianides said that the country was not seeking more aid under the bailout programme, but was instead seeking assistance through other European support mechanisms, as noted by the BBC………………………………………..Full Article: Source


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