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Image header Agence Europe
Europe Daily Bulletin No. 10898
ECONOMY - FINANCE - BUSINESS / (ae) cyprus

Agreement on final raid on BoC deposits

Brussels, 29/07/2013 (Agence Europe) - On Sunday 28 July, Cyprus' troika of lenders (European Commission, European Central Bank and International Monetary Fund) succeeded in coming to an agreement with the Cypriot government on the size of the final raid on deposits in the Bank of Cyprus (BoC) bail-in, a government source told EUROPE on Monday 29 July.

The Cypriot authorities are reported to have fought to have as small a raid as possible on unsecured deposits (of above €100,000). In...