login
login

Europe Daily Bulletin No. 10931

28 September 2013
ECONOMY - FINANCE - BUSINESS / (ae) cyprus
Recapitalisation of cooperative banks

Brussels, 27/09/2013 (Agence Europe) - On Friday 27 September, the European Stability Mechanism (ESM) disbursed €1.5 billion for Cyprus, taking the total of ESM loans to the island to date to €4.5 billion, half of the agreed aid package. The €1.5 loan will be repaid in two equal instalments of €750 million, due in 2029 and 2030 respectively, and will be used to recapitalise cooperative banks, which have until Monday 30 September to submit a restructuring plan to the country's finance...

Contents

ECONOMY - FINANCE - BUSINESS
INSTITUTIONAL
SECTORAL POLICIES
SOCIAL AFFAIRS
EXTERNAL ACTION
COURT OF JUSTICE OF THE EU
EVENTS CALENDAR