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Europe Daily Bulletin No. 10769

23 January 2013
ECONOMY - FINANCE - BUSINESS / (ae) cyprus
Nicosia plays for time on privatisation question

Brussels, 22/01/2013 (Agence Europe) - On Tuesday 22 January 2013, Stefanos Stefanou, a Cypriot government spokesman, ruled out the need for privatisation in order to solve the country's financial problems because the debt burden may be manageable once the EU and IMF have disbursed financial aid. Cypriot Finance Minister Vassos Shiarly said privatisation would only be considered once the PIMCO audit of Cypriot bank capital requirements was known. The PIMCO assessment will be published when...

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