Cyprus government approve bailout agreement

imgCyprus’s cabinet on Wednesday approved the island’s 10-billion-euro EU-IMF bailout deal that will now be tabled before parliament for a vote expected to be held before mid-May.

“The Cabinet has approved the loan agreement and the Memorandum to be forwarded to parliament for a preliminary discussion at committee level,” government spokesman Christos Stylianides told reporters.

“Ratification of the loan agreement is expected after April 26,” he added.

 

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