Cyprus’ potential international creditors said Friday that they have made “good progress” in negotiations on a possible bailout for the crisis-hit country.
Despite hopes that a deal was imminent, representatives from the so-called troika of the European Commission, the European Central Bank and the International Monetary Fund said talks would continue on securing an agreement. Once an agreement has been reached, Cyprus will become the fourth member of the 17-strong group of European Union countries that use the euro to receive international help with its debts. Parliamentary approval from eurozone member countries is expected at the end of January.
JOIN THE DISCUSSION | Register here
We welcome comments. Please keep them civil, short and to the point. ALL CAPS, spam, obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. Thanks for taking part — and abiding by these simple rules. A thorough explanation of rules of conduct can be found in our Terms of Service. If you have any questions, including why your comment may not be showing immediately after you submit it, be sure to visit the commenting FAQ.