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