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Europe Daily Bulletin No. 10778

5 February 2013
ECONOMY - FINANCE - BUSINESS / (ae) cyprus
Nicosia challenges bank audit

Brussels, 04/02/2013 (Agence Europe) - On Monday 4 February 2013, Cypriot Finance Minister Vassos Shiarly said that the results of the bank audit carried out by US consultants PIMCO differed widely from the Cypriot government's estimates.

The delay in publishing the PIMCO audit, which will now not happen until the memorandum has been signed, is due to the fact that Cyprus is challenging the methods used by the consultants, explains a European source.

According to the Cypriot media, PIMCO...

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