Brussels, 06/10/2015 (Agence Europe) - The Board Of Governors of the European Stability Mechanism (ESM) on 5 October approved the updated memorandum of understanding with Cyprus, following a positive seventh review mission by the institutions.
This is expected to unlock the approval, on Tuesday morning, of the payment of the next loan tranche of €500 million, which will bring the total amount of financial assistance disbursed by the ESM to Cyprus to €6.3 billion.
The ESM undertook in...