March 21, 2013 / 10:06 AM / 5 years ago

Cyprus expects to clinch support programme by Monday -cbank

NICOSIA, March 21 (Reuters) - Cyprus expects to clinch a financial support package by Monday, Central Bank governor Panicos Demetriades said, meeting a deadline after which the European Central Bank has threatened to cut off funding for the island’s crippled banks.

“I expect a programme of support for Cyprus by Monday,” he told reporters as President Nicos Anastasiades and party leaders tried to hammer out a deal to raise 5.8 billion euros in exchange for a 10 billion euro ($12.95 billion) bailout from the European Union.

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