Cyprus could finally settle a financial rescue package with international lenders for the country's public sector and banking system, which are strongly affected by the economic crisis in Greece. The Mediterranean country is seeking a €17 billion bailout.
"It is a fair bet that a final decision will not be made under the present government, but it will be one of the first tasks of the next government, after the elections on February 17th," said an EU official, adding the government will be well funded until then.
Cyprus is the fifth eurozone country to seek external financial rescue. In September, the Mediterranean country also sought a loan worth €5 billion from Russia.
The Troika, the tripartite committee comprising the European Central Bank (ECB), the European Commission and the International Monetary Fund (IMF), ended the country review in November. The lenders seek €975 million in spending cuts over three years from Cyprus.
The calendar you're trying to add has already been added to this event.
This is not a valid number
You are about to leave this page. Any changes you made will not be saved.
Are you sure?
How would you like your reminder for this event?
What kind of event would you like to create?