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Cyprus News Agency: News in English, 13-01-22

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] Deutsche Bank: Conditional terms could be included in Cyprus

    bailout deal


  • [01] Deutsche Bank: Conditional terms could be included in Cyprus bailout deal

    Conditional terms could be included in Cyprus bailout deal such as greater commitment of future gas revenues to secure the sustainability of the Cypriot debt, according to Deutsche Bank's report on Cyprus debt crisis issued on 18 January.

    Deutsche Bank , says, inter alia, in its report that "it is worth reminding ourselves that the crisis in Cyprus is first and foremost a banking crisis", noting that "the recapitalisation needs of the banking sector, provisionally pencilled in at EUR 10bn (55% of GDP) have forced Cyprus to seek a bailout which could total over EUR 17bn (nearly 100% of GDP)".

    "With debt/GDP reaching 140% of GDP after bank bailout costs, questions have been raised over the sustainability of Cypriot debt", it adds.


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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