New Cyprus finance minister says will fully meet bailout terms
NICOSIA (Reuters) - Cyprus is committed to meeting all the terms of a 10 billion euro bailout deal agreed with international lenders last week, the euro zone state's new finance minister Harris Georgiades said on Wednesday.
The island has already slashed the size of its large banking sector and imposed a levy on large bank deposits as required by the financial aid deal.
"We shall implement the (memorandum of understanding) fully, and without any derogations. We shall meet all timeframes, we will meet all targets," Georgiades, who replaced Michael Sarris after he quit as finance minister on Tuesday, told reporters.
- Obama makes rare campaign trail appearance, people leave early
- Turkey to let Iraqi Kurds reinforce Kobani as U.S. drops arms to defenders |
- Obama makes rare campaign trail appearance, some leave early
- Nigeria declared Ebola-free, holds lessons for others |
- U.S. stocks end higher despite drag from IBM