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Europe Daily Bulletin No. 10748

11 December 2012
ECONOMY - FINANCE - BUSINESS / (ae) cyprus
PIMCO report talks of €9.3 billion bailout for Cypriot banks

Brussels, 10/12/2012 (Agence Europe) - On Saturday 8 December, the Cypriot government and the future troika of lenders to the country (the European Commission, the European Central Bank and the IMF) received an interim audit report on Cypriot banks by PIMCO investment fund, including details of bank recapitalisation requirements. The report had not yet been published on Monday, but close sources said some €9.3 billion will be needed. The draft agreement being drawn up by the troika talks...

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