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Europe Daily Bulletin No. 10822

9 April 2013
ECONOMY - FINANCE - BUSINESS / (ae) cyprus
Moscow makes a gesture

Brussels, 08/04/2013 (Agence Europe) - Vladimir Putin, speaking in Hanover, Germany, after a meeting with German Chancellor Angela Merkel on Monday 8 April 2013, said that Russia would be restructuring the €2.5 billion loan it granted Cyprus in 2011. He didn't give any details, but Russian Finance Minister Anton Siluanov said around 10% of the debt would be written off.

A Cypriot source said, however, that no official arrangements had been made, although a raft of announcements had been...

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