Details sketchy on Eurogroup bailout of Cyprus

Eurozone finance ministers pledged on the 4 March 2013 to agree a bailout for Cyprus by the end of March 2013, but details of how the rescue would be financed were yet to be sorted out.

The troika of European Union, International Monetary Fund and the European Central Bank would send a mission of experts to Cyprus on the 5 March 2013 for a technical analysis of the country's financing needs and to get a better understanding of the new Cypriot government.

ESO: Background information: President-elect vows to restore the 'credibility of Cyprus’ http://www.europeansources.info/record/president-elect-vows-to-restore-the-credibility-of-cyprus/

ESO: Background information: Cypriot minister defends island against money-laundering charge http://www.europeansources.info/record/cypriot-minister-defends-island-against-money-laundering-charges/

http://www.imf.org/external/country/CYP/index.htm http://www.imf.org/external/country/CYP/index.htm

EUObserver, 05.03.13: Money laundering probe boosts prospect of Cyprus bailout http://euobserver.com/economic/119275

Council of the European Union: Eurogroup: Press Release, 04.03.13: Eurogroup statement on Cyprus http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ecofin/135809.pdf

EUObserver, 04.03.13: Cyprus bailout to dominate EU ministers' talks http://euobserver.com/economic/119260

BBC News, 04.03.13: Cyprus bailout to dominate EU ministers' talks http://www.bbc.co.uk/news/business-21655475

Deutsche Welle, 01.03.13: Will Germany help bail out Cyprus? http://www.dw.de/will-germany-help-bail-out-cyprus/a-16635594

EUObserver, 15.03.13: Cyprus hopes for EU bailout deal 'this weekend http://euobserver.com/economic/119433

EurActiv, 15.03.13: Cyprus bailout talks keep EU negotiators awake in Brussels http://www.euractiv.com/euro-finance/cyprus-bailout-talks-keep-eu-neg-news-518535

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