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ٹریڈنگ خبریں
12 Mar 2013
Troika negotiating a smaller bailout with Cyprus
According to Newswires, officials have said that the Troika mission is negotiating a significantly smaller bailout with the Cyprus government on the back of a higher privatization proceeds.
The bailout would be of EUR 10B instead of the EUR 17B expected by expert. This change would help to bring debt-to GDP ratio to 100% in 2020.
The EUR/USD is trading at 1.3030 after declining from 1.3070 in the last two hours. Against the Pound, the Euro is declining hard from 0.8790 to the 0.8735.
The bailout would be of EUR 10B instead of the EUR 17B expected by expert. This change would help to bring debt-to GDP ratio to 100% in 2020.
The EUR/USD is trading at 1.3030 after declining from 1.3070 in the last two hours. Against the Pound, the Euro is declining hard from 0.8790 to the 0.8735.