Cyprus talks 'paying off'
- Published: 25 Mar 2013 at 06.49
- Online news:
Fierce negotiations to resurrect a deal for the EU and the IMF to bail out Cyprus appeared to be bearing fruit early on Monday, President Nicos Anastasiades indicated on Twitter.
Image provided by the Cypriot Press and Information Office shows President Nicos Anastasiades at a press conference in Nicosia on March 17, 2013. Fierce negotiations to resurrect a deal for the EU and the IMF to bail out Cyprus appeared to be bearing fruit early on Monday, he indicated on Twitter.
"Efforts have culminated," read a translation from the Greek, with EU sources subsequently stating that a "preliminary agreement" was in place to hit Bank of Cyprus with a whopping "haircut" on deposits of more than 100,000 euros.
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