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Image header Agence Europe
Europe Daily Bulletin No. 10877
EUROPEAN COUNCIL / (ae) cyprus

ECB and EU27 react positively to request from Cyprus

Brussels, 28/06/2013 (Agence Europe) - At the European Summit on 27 and 28 June, the president of the European Council, Herman Van Rompuy, relayed a message from Cyprus, calling for help. The EU27 reacted positively, inviting the EP and Council of Ministers to examine potential flexibility in the multiannual financial framework, including the flexibility instrument, to “address the particularly difficult situation” in Cyprus in the annual budget process. This might result in lower...