Cyprus delays implementation of foreclosures law to April 17

April 2, 2015 11:45 AM

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NICOSIA, April 2 (Reuters) - Cyprus on Thursday pushed back implementation of a key foreclosures law until April 17, a move that will further delay the island's access to the ECB's bond-buying programme.

Delays in adopting a foreclosures framework are holding up reviews of Cyprus's bailout programme by its international creditors. Those reviews are contingent to Cyprus participating in the European Central Bank's 1.1 trillion euro quantitative easing programme, launched last month.

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