Tut, tut but hey it’s early days
The Cypriot parliament adopted on Saturday a controversial bill to streamline bank foreclosures of bad debts, clearing the way for international lenders to release the next tranche of a €10 bln loan.
EU official speaking in Brussel on a number of issues involving a few bills/debts from around the fringe
- Cyprus payment depends on foreclusure law
- can’t comment yet on foreclosure law
- Ireland and Greece also on Eurogroup agenda
- many procedures necessary for Ireland to repay
- no decision imminent on Irish early repayment
- no obections foreseen to Irish repayment
- early repayment would be a good move
- new Austrian minister to address Eurogroup
BBg reporting
Bailout ongoings never too far from the surface
