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Europe Daily Bulletin No. 11189

1 November 2014
ECONOMY - FINANCE - BUSINESS / (ae) cyprus
Cyprus soon to receive new aid from ESM

Brussels, 31/10/2014 (Agence Europe) - On Friday 31 October 2014, the Cypriot supreme court ruled that four recently adopted and related foreclosure laws are anti-constitutional.

The troika of lenders (European Commission, European Central Bank and International Monetary Fund) said the four laws aimed to reduce the scope of the foreclosure legislation and deemed that suspension of the four laws was a 'prior action' to be completed before any further aid payments could be made by the IMF or...

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