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CATEGORY: INTERNATIONAL ECONOMIC

Cyprus may be close to bailout deal

Mon 29 Oct 2012

Cyprus may be close to bailout deal LONDON (SHARECAST) - Cyprus may be close to signing a sovereign bailout agreement, according to Finance Minister Vassos Shiarly in an interview with Greek daily Kathimerini.

"We are very close [to agreeing bailout conditions]. The differences which remain with the Troika we consider to be bridgeable," Shiarly was quoted as saying.

"Even on the so-called open issues I'm optimistic agreement is possible," he said.

The bailout agreement may be approved on November 12th at the Eurogroup meeting.

FM

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