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Cyprus News Agency: News in English, 12-11-30
CONTENTS
[01] Interest rate for Cyprus' bailout loan expected at 2.5%, FinMin says
[01] Interest rate for Cyprus' bailout loan expected at 2.5%, FinMin says
The interest rate of Cyprus` bailout loan is expected to be around 2.5%,
Finance Minister Vassos Shiarly said on Wednesday.
Speaking before the House Committee on Finance, in Nicosia, where he
presented the 2013 State Budget and the 2013-2016 Medium Term Fiscal
Framework, the Minister also said he expected the discussion in the
Eurogroup during the next few weeks on the approval of Cyprus` bailout
agreement to be "as difficult as the process" of negotiations with
the Troika.
He also noted that some draft bills, pertinent to the bailout
agreement, need to be urgently discussed and ratified by the House of
Representatives, before the Eurogroup meeting, to avoid possible problems
by some Eurozone members.
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