Troika wants more money from Cyprus – MNI

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The Troika says conditions have worsened and wants the new bill to reflect that. They are now asking Cyprus to raise 6.7 billion euros compared to 5.8 billion originally.

The headlines are a bit ambiguous but it sounds like the government has agreed with the assessment and will table changes.

Overall, it’s another wrench in the plan but politicians appear to be coming around. Separately, Reuters is running a headline saying that a levy on bank deposits is ‘clearly on the table’ citing the finance minister.

Author: Adam Button

Adam Button is the managing editor of ForexLiveâ„¢. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes there's an edge in knowing every tidbit of news. He was formerly the head of the markets team at the Canadian Economic Press and is a graduate of Ryerson University. Adam lives in Montreal, follow him on Twitter: @FX_Button.

2013-03-22T16:15:40+0000

All|Americas|Market Rumors|Regions

Adam Button

5 Comments

  1. Slovenia would be next?

  2. Cost of playing fire. Cypriot Politicians think they are smart but…….

  3. Adam,Vote or no Vote Taday,Troika meeting Sunday afternoon?waiting for The Vote ?

  4. “Sieg Heil”

  5. Levy ? What levy ? I understand how the system works but sometimes I have this weakness when I wonder ” why is the taxpayer paying for losses on bank’s investments ? ” . The way I see it they should raise all the money needed from deposits over 100 k . Aren’t some deposits insured and other not ?

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