Final negotations on Cyprus’ bailout package are expected next week

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October 17, 2012 by pavlospapathanasiou

It is high possible that the final negotiations between the Cypriot government and Troika on the “bailout” package will commence next week, according to a statement by Cypriot Finance Minister.

Mr Vasos Siarli also told journalists that the final amount of the package has not been finalised yet since there is a dispute between the government and international creditors for the exact recapitalisation needs of the Cypriot banks.

There is speculation that the Cyprus’ bailout package will surpass 10 billion europe, or 60% of GDP.

Source: defencenet.gr

http://www.defencenet.gr/defence/index.php?option=com_content&task=view&id=59157&Itemid=161

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