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Cyprus News Agency: News in English, 13-03-07

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

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


CONTENTS

  • [01] Luxembourg FinMin supports a quick decision for a Cyprus bailout

  • [01] Luxembourg FinMin supports a quick decision for a Cyprus bailout

    Finance Minister of Luxembourg Luc Frieden said it was necessary to take a decision to support Cyprus the soonest possible, in order for the Eurozone not to face a crisis, similar to the one with Greece.

    Speaking to RTL Radio Letzebuerg, Frieden said that "the more discussions last, the more uncertainty is mounting" and added that the Eurozone can not return to a condition of uncertainty after all that has been done to secure normality.

    "All countries are systemic" the Finance Minister said, noting that this fact obliges the Eurozone to act with speed, concluding a bailout agreement with Cyprus.


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