Brussels, 09/09/2014 (Agence Europe) - It has been in the air since Monday, but it is now a certainty: at the meeting of the Eurogroup this Friday, 12 September, Cyprus will not get the eurozone's green light for the payment of its next tranche of aid. This is down to the multitude of laws relating to the legislation on property repossessions presented by the political parties and adopted by the national parliament. In the view of the troika (Commission, ECB, IMF), these provisions will by their very nature have a significant impact on the scope of the said legislation, according to a source from within the institutional trio. One of the provisions rejected by the troika suspends until 2017 the possibility of repossessing primary residences and small residences. The twelve additional laws passed by the parliament on Saturday (see EUROPE 11150) also render obsolete the first action prior to the payment of this next tranche, the insolvency framework adopted by the Council of Ministers on 30 July. A source from the Cypriot Ministry of Finance said that one way of moving forward would be for the President to refuse to sign the problematic laws and to approve only the main bill adopted by the Parliament and approved by the troika. “Of course, this might take some time and is subject to approval by the troika”, the source explained. Cyprus is due to receive €350 million from the European stability mechanism and €86 million from the IMF. The Eurogroup may give the green light for the payment in October. (EL)