BRUSSELS (MNI) – Cyprus can afford to meet all its financial
obligations with or without a bailout from the Eurozone for the next
couple of months, Cypriot finance minister Vassos Shiarly, said Tuesday.
“All arrangements are in situ,” Shiarly assured journalists after a
meeting of EU finance ministers here. The government of Cyprus will be
able to meet all its financial obligations for “the next couple of
months,” he said.
An independent analysis of the Cypriot banking sector’s capital
needs, which will be crucial for deciding the size of the eventual
bailout deal, is expected on Friday, Shiarly said.
EU Economic and Monetary Affairs Commissioner Olli Rehn agreed,
saying that the commission saw “no problem” with Cyprus meeting its
short term needs, even if a planned bailout deal for the country could
not be concluded at the next Eurogroup meeting on December 13.
–Brussels Newsroom, +324-952-28374; pkoh@mni-news.com
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