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Europe Daily Bulletin No. 11476

27 January 2016
ECONOMY - FINANCE - BUSINESS / (ae) cyprus
Island will leave bailout plan without safety net, says its Finance Minister

Brussels, 26/01/2016 (Agence Europe) - Cyprus will leave its international financial assistance plan at the end of March without a preventative credit line, the country's finance minister, Harris Georgiades, predicted on Monday 25 January, at a hearing at the committee on economic and monetary affairs of the European Parliament.

“We won't need a conditional credit line”, he told the MEPs. Although he wishes to draw a line under the financial assistance of the eurozone and the IMF, it...

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