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Cyprus – urgent need for new loans

Cyprus – urgent need for new loans

Publicerat av Tony Harkén Friday, 05 October 2012.

An emergency fund needs to be in place as soon as possible in Cyprus due to problems with the banking sector.

The country has previously received a loan from Russia (2.5 billion euro) and now needs an additional estimated 15 billion euro to get a long-term solution in the banking sector.

Publicerat av

Tony Harkén

cypern

Time in Cypern

CY - Time