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.


Check Also

Federalization Of Serbia Is Key To Stabilizing The Region – OpEd

The 17-hour war that took place in Banjska village of Zveçan, in the north of …