Brussels, 08/11/2012 (Agence Europe) - On Thursday 8 November, the European Commission confirmed the announcement by the Cypriot government the day before that the negotiations with the troika of lenders (the European Commission, the European Central Bank and the International Monetary Fund) on a financial aid programme for Cyprus will resume on Friday.
The French newspaper Les Echos says that Cyprus is planning to cut spending by 60%, rather than the 80% recommended by the troika. Cyprus...