Fierce negotiations to resurrect a deal for the EU and the IMF to bail out Cyprus appeared to have wrapped up early on Monday, President Nicos Anastasiades indicated on Twitter.
Cyprus President Nicos Anastasiades (C) arrives on March 24, 2013 at the European Union headquarters in Brussels for a meeting with EU president Herman Van Rompuy. Fierce negotiations to resurrect a deal for the EU and the IMF to bail out Cyprus appeared to have wrapped up early on Monday, Anastasiades indicated on Twitter.
"Efforts have culminated," read a translation from the Greek, with EU sources subsequently stating that a preliminary agreement was in place to hit Bank of Cyprus depositors with a massive 40 percent "haircut" on deposits of more than 100,000 euros pending endorsement by Eurogroup finance ministers.
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Article source: http://www.thethailandlinks.com/2013/03/25/negotiations-pay-off-cypruss-anastasiades-tweets/
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