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Europe Daily Bulletin No. 10843

9 May 2013
ECONOMY - FINANCE - BUSINESS / (ae) cyprus
Criticism of delays in dealing with Cyprus

Brussels, 08/05/2013 (Agence Europe) - At a hearing at the European Parliament's economic and monetary affairs committee on Wednesday 8 May 2013, the European Commission and European Central Bank were called to explain their handling of the Cypriot crisis. Both argued that, before passing judgment, the reasons behind the island's current situation had to be looked at. Euro Commissioner Olli Rehn stated that the Commission had “warned Cyprus about its accumulating problems early on” in...

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