ECB says aid review judgment on Cypriot insolvency law outstanding

April 27, 2015 3:56 PM

51 0

FRANKFURT, April 27 (Reuters) - Cyprus's international lenders have yet to decide if recent changes to the island's insolvency law are enough to allow an outstanding review of its aid programme to be concluded, the European Central Bank said on Monday.

Earlier this month, lawmakers in Cyprus approved legislation governing foreclosures, paving the way for the island to join the ECB's sovereign bond-buying programme. But the ECB said no final decision had been taken as to whether the Cypriot action was enough to meet the terms of its aid-for-reform ...

Read more

To category page

Loading...