Triplet of creditors does not give money to Cyprus

26.11.2012

The European Union (EU), the European Central Bank (ECB) and International Monetary Fund, the three main components of the international lenders, after difficult negotiations have not taken a final decision on the allocation of financial assistance for Cyprus.

It is expected that negotiations will be continuing for about other few weeks, so Cypriots still have time to reach an agreement with international creditors. Amount of financial assistance will comply with the annual production of the island: about $ 17.5 billion.

On the basis of: http://top.rbc.ru/

Expert’s opinion

"All Cypriots are looking forward to the next election, which is expected to change the communist government to pragmatic capitalists who think in terms of profit, not social spending and leisure.

Actually triple lenders expect that the government, which will take the credit, will perform its obligations. " 

Lomakin Yaroslav ( Managing Partner of Honest & Bright Company Ltd)