13 January 2013, 18:51

Cyprus is ready to sign memorandum on financial aid

 Cyprus is ready to sign memorandum on financial aid

Cyprus’s government is ready to sign a memorandum on financial aid with international creditors as soon as possible, Cyprus’s Finance Minister Vassos Shiarly says.

He says that Cyrus’s government has done everything that the “troika” of international creditors – the European Commission, the European Central bank and the IMF – had demanded from it. The only issue, which is still unsolved, is the amount of the sum which will be needed for recapitalization of Cyprian banks.

Cyprian banks have suffered great losses as a result of the EU’s decision to write off Greece’s state bonds.

Voice of Russia, RIA

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