They won’t be on their own there then ! the island is making ” relatively good progress” EU Commission sources on Rtrs/Bbg The key challenge is getting a handle on the non-performing loan issue. Right now NPLs are exceeding 50% … Continue reading
Confidence in the EU economy is improving Economic recovery is still fragile EC president Jose Manuel Barroso speaking in Strasbourg via Bloomers
The IMF has approved a €84m disbursement for Cyprus. Anyone miss the crisis? The jibber-jabbering from the politicians was painful but the moves in the market were great.
Up from the €500m expected and the rate is confirmed below 5% They had €1.9bn in interest earlier.
Another bailout country joins Greece, Ireland and Portugal in testing the bond market waters and the interest is still high for government bonds from troubled countries. When the book opened today it received €1.5bn in interest and that’s now nearer … Continue reading
After Ireland, Portugal and Greece had successful auctions in the market Cyprus are looking to try their hand as well. Last month they privately issued €100m at 6.5% and now they want to have a crack in the full market. … Continue reading