Creditors Urge Cyprus to Put Foreclosure Laws in Gear

February 6, 2015 4:08 PM

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International creditors urged Cypriot authorities to keep their word and push through crucial foreclosure laws as Cyprus' finance minister insisted that the rescue program is bringing the country back to financial health.

Officials from the European Commission, the European Central Bank and the International Monetary Fund said in a statement Friday that they couldn't complete the latest review of Cyprus' financial rescue deal because the foreclosure laws, aimed at helping ailing banks collect on a huge number of sour...

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