Business | Daily | Tourist
INFORMATION SERVICES

NICOSIA — A Cypriot official says other nations using the euro currency have approved his country’s next installment of rescue money amounting to 350 million euros ($438 million).

That happened during a meeting in Brussels on Nov. 6.

In September, the Eurozone nations refused to release the cash, saying Cyprus may have run afoul of the terms of its 10 billion euro ($12.52 billion) rescue package when Parliament weakened a foreclosures law that was deemed crucial for banks to deal with many bad loans.

The hurdle was overcome after lawmakers amended some laws, while the Supreme Court struck down others as unconstitutional.

Finance Minister Harris Georgiades said that it’s essential to avoid “unnecessary actions” that could hobble the Cypriot economy’s efforts to return to growth.

The post Cyprus Bailout Installment Coming appeared first on The National Herald.

Source: The National Herald
Share it now!
More
Who We Are

GQS acts as an “information representative” providing a variety of accurate and authoritative analytics and responses About Greece. Our field of expertise ranges from simple Daily Life questions related to Tourism or the History of Greece, up to large Business related projects such as Economic Research, Human Resources Selection or Real Estate Services.

Find out more

Contact Us

Are you interested in obtaining any kind of information about Greece?

Let us help you!

If your requirements go beyond simple services and you want specialized information, you will receive a detailed email for any charges.

  • Weather

    Locations:
    Athens
    October 18, 2017, 7:36 pm
    Clear
    Clear
    24°C
    real feel: 22°C
    current pressure: 1020 mb
    humidity: 35%
    wind speed: 4 m/s NW
    wind gusts: 4 m/s
    UV-Index: 0
    sunrise: 7:36 am
    sunset: 6:44 pm
     
  • Currency