Brussels, 25/01/2013 (Agence Europe) - The challenge facing the eurozone is how to combine a substantial easing of the Cypriot debt burden with the need to ensure the country's financial stability, argued Euro Commissioner Olli Rehn on Thursday in an article in the Wall Street Journal.
Several options are being looked at. Rehn said it might be possible to directly recapitalise Cypriot banks with cash from the European Stability Mechanism (ESM), in order to avoid worsening the country's...