EFSF: Cyprus Must Deal With Bad Loans

08:30 - 01 Απριλίου 2016

Cyprus still needs to deal with a high proportion of bad loans at its banks, but otherwise the economic restructuring after its international bailout has been a success, the head of the euro zone bailout fund said on March 30.
Cyprus will exit the 10 billion-euro, three-year bailout agreement at the end of March, having used only 70 percent of the available money, said Klaus Regling, the head of the European Financial Stability Facility (EFSF).
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