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Europe Daily Bulletin No. 10819

4 April 2013
ECONOMY - FINANCE / (ae) cyprus
Big austerity drive planned

Brussels, 03/04/2013 (Agence Europe) - On Wednesday 3 April, the European Commission and the International Monetary Fund (IMF) confirmed the news announced by Cyprus on Tuesday that agreement has been reached at a technical level between Nicosia and representatives of the troika (the European Commission, the European Central Bank and the IMF) on a Memorandum of Understanding (MoU) on the strings attached to a €19 billion aid package (see EUROPE 10818).

The IMF says it will be providing...