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Image header Agence Europe
Europe Daily Bulletin No. 12420
Contents Publication in full By article 25 / 30
NEWS BRIEFS / Cyprus

Lifting of obligation of early repayment to ESM

06/02/2020 (Agence Europe)As it did for Greece (see EUROPE B12358A7), the European Stability Mechanism (ESM) agreed, on Thursday 6 February, to lift the obligation for Cyprus to repay the euro area's permanent rescue fund as quickly as the IMF. This measure allows Nicosia not to make a rapid repayment of €6.3 billion. The discussion on an early repayment of the loans granted to Cyprus by the ESM will take place in 2021 or 2022. The Executive Director of the ESM, Klaus Regling, said...

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NEWS BRIEFS