- Cyprus will ask for an extension of maturity, and payment via instalments instead of full repayment in 2016 as previously agreed.
- This follows a Troika document yesterday revealing that Russia had agreed to extend their loan to Cyprus by 2 years to 2018 & cut interest.
- The above comments were pre-empted by the Troika release yesterday, and as such - no reaction across the European asset classes.
Print 09:49, 07 May 2013 - Economic commentary - Source: CyBC
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