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Europe Daily Bulletin No. 10882

6 July 2013
ECONOMY - FINANCE - BUSINESS / (ae) cyprus
Lascelles says Cyprus has no error of margin

Brussels, 05/07/2013 (Agence Europe) - It is in the interest of the eurozone that a successful restructuring of Bank of Cyprus (BoC), the island's biggest bank, takes place, says David Lascelles, president of the independent committee commissioned by the Cypriot Central Bank to draw up a report on the future of the country's banks. Lascelles explained to this newsletter the tricky nature of the operation and the sensitivity of the decisions that the ECB might take to support the process....

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