Cyprus on Track to Exit Rescue Program in March

January 25, 2016 5:22 PM

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Cyprus' finance minister says the east Mediterranean island nation is on track to conclude its multibillion euro rescue program on time this March, almost exactly three years after receiving the lifeline.

Harris Georgiades told the European Parliament's Economic and Monetary Affairs Committee on Monday that strict adherence to fiscal and other reforms has meant that Cyprus hasn't used up more than 2 billion of the 9 billion euros (currently $9.7 billion) that its eurozone partners had made available ...

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