News Headline Summary

Draft deal between Cyprus and international lenders sees island's banks needing up to EUR 10bln in recapitalisation according to a document

Says:
- Cypriot banks will be given until December 2013 to increase core tier 1 capital ratio to 9% from 8%.
- Draft MOU says Cyprus should achieve primary balance of 4.0% of GDP in 2016.

Print 18:13, 30 Nov 2012 - Economic commentary - Source: Newswires