Eurozone approves Cyprus bailout | Bangkok Post: news

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Eurozone approves Cyprus bailout

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DUBLIN - Eurozone finance ministers formally approved Friday the terms of a Cyprus debt bailout, after some confusion over whether it needed revision, saying it could now go ahead once cleared by national parliaments. 

Dutch Finance Minister and Eurogroup head Jeroen Dijsselbloem speaks to journalists as ministers arrive to attend the informal meeting of the Economic and Financial Affairs Council (ECOFIN) in Dublin.

Dutch Finance Minister Jeroen Dijsselbloem, head of the 17-nation Eurogroup, said the ministers "welcomed the staff level agreement achieved between Cyprus" and its international creditors, with the terms "fully in line with" a March 25 accord.

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