Brussels, 28/05/2013 (Agence Europe) - The governor of Cyprus' central bank, Panicos Demetriades, said on Tuesday 28 May that the price at which the Greek subsidiaries of Cypriot banks have been sold was “satisfactory.”
A Cypriot source said the banks had initially been bought for €1.5 billion, but they have been sold for €524 million.
Demetriades said that agreement between Greece and Cyprus on the bank sale was a precondition for the granting of financial aid to Cyprus by the...