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Cyprus News Agency: News in English, 13-03-07
CONTENTS
[01] Luxembourg FinMin supports a quick decision for a Cyprus bailout
[01] Luxembourg FinMin supports a quick decision for a Cyprus bailout
Finance Minister of Luxembourg Luc Frieden said it was necessary to
take a decision to support Cyprus the soonest possible, in order for
the Eurozone not to face a crisis, similar to the one with Greece.
Speaking to RTL Radio Letzebuerg, Frieden said that "the more discussions
last, the more uncertainty is mounting" and added that the Eurozone can
not return to a condition of uncertainty after all that has been done
to secure normality.
"All countries are systemic" the Finance Minister said, noting that
this fact obliges the Eurozone to act with speed, concluding a bailout
agreement with Cyprus.
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