News Headline Summary

Cyprus president Christofias says we have an agreement in principle with the Troika but not finalised it yet

- Negotiations on the bailout were difficult.

Update details:

- Cyprus is expected to receive about EUR 16-17bln, a small amount compared to Greece's bailout but a sum roughly equal to the country’s annual GDP.

Print 12:15, 14 Dec 2012 - Economic commentary - Source: Newswires