Eurogroup Statement on Cyprus

The Eurogroup reached an agreement with the Cypriot authorities on the 25 March 2013 on the key elements necessary for a future macroeconomic adjustment programme.

The intention of the €10bn bailout deal for Cyprus was to prevent its banking system collapsing and keep the country in the eurozone.

BBC News, 25.03.13: Cyprus bailout: Deal reached in Eurogroup talks http://www.bbc.co.uk/news/world-europe-21916102

IMF: Press Release, No.91, 2013: IMF Statement on Cyprus (24.03.130 http://www.imf.org/external/np/sec/pr/2013/pr1391.htm

European Commission; RAPID: MEMO/13/279: Remarks by Vice President Rehn on Cyprus http://europa.eu/rapid/press-release_MEMO-13-279_en.pdf

Deutsche Welle, 25.03.13: Cyprus and Troika come to terms on haircut http://www.dw.de/cyprus-and-troika-come-to-terms-on-haircut/a-16696508

El País, 24.03.13: Cyprus crisis could spread, Spain's economy minister warns http://elpais.com/elpais/2013/03/24/inenglish/1364153974_595268.html

EUObserver, 25.03.13: Eurozone agrees Cyprus bailout 2.0 http://euobserver.com/economic/119553

EurActiv, 25.03.13: Last-minute deal for Cyprus to hit large depositors http://www.euractiv.com/euro-finance/cyprus-clinches-minute-bailout-d-news-518704

France24, 25.03.13: Cyprus clinches last-minute deal on eurozone bailout http://www.france24.com/en/20130325-cyprus-banks-last-minute-deal-bailout-eurozone

Cyprus Mail, 25.03.13: Bailout deal reached http://www.cyprus-mail.com/bailout/timeline-bailout-deal-reached/20130324

ESO: Background information: Governing Council decision on Emergency Liquidity Assistance requested by the Central Bank of Cyprus http://www.europeansources.info/record/governing-council-decision-on-emergency-liquidity-assistance-requested-by-the-central-bank-of-cyprus/

ESO: Background information: Find all further information in ESO on the Cyprus economic and banking crisis http://www.europeansources.info/advSearchLink?keyword=Cyprus%20economic%20bailout%20&searchOption=all

RIA Novosti, 25.03.13: Eurozone Finance Ministers Reach Bailout Deal on Cyprus http://en.rian.ru/business/20130325/180230488/Eurozone-Finance-Ministers-Reach-Bailout-Deal-on-Cyprus.html

EUObserver, 25.03.13: Cypriot archbishop calls for euro-exit http://euobserver.com/economic/119555

Deutesche Welle, 25.03.13: Cypriot, European officials express relief at last-ditch bailout agreement http://www.dw.de/cypriot-european-officials-express-relief-at-last-ditch-bailout-agreement/a-16696577

Deutesche Welle, 25.03.13: Last-minute bailout to avert Cypriot bankruptcy http://www.dw.de/last-minute-bailout-to-avert-cypriot-bankruptcy/a-16696578

ESO: Background information: Find articles in blogs on Cyprus in March 2013 http://www.europeansources.info/record/blog-europes-cyprus-blunder-raises-important-questions-about-the-nature-of-eu-decision-making-and-crisis-management/

EUObserver, 25.03.13: Cyprus: 'the insecurity has been incredible' http://euobserver.com/economic/119559

O Phileleftheros, 25.03.13: This is the start of the Road to Calvary (via PressEurop) http://www.presseurop.eu/en/content/article/3588721-start-road-calvary

PressEurop: Tag: Cyprus saved from drowning http://www.presseurop.eu/en/content/briefing/3588551-cyprus-saved-drowning

European Central Bank: Press Release, 25.03.13: ECB’s reaction to the agreement on the Cypriot macroeconomic adjustment programme http://www.ecb.int/press/pr/date/2013/html/pr130325.en.html

European Commission: RAPID: MEMO/13/285: Remarks by Vice President Rehn on Cyprus at the Eurogroup Press Conference on 25 March 2013 http://europa.eu/rapid/press-release_MEMO-13-285_en.pdf

European Parliament: Press Release, 25.03.13: Sharon Bowles on Cyprus Deal http://www.europarl.europa.eu/news/en/pressroom/content/20130325IPR06813/

Spiegel Online International, 25.03.13: Last-Minute Deal : The End of the Cypriot Banking Sector http://www.spiegel.de/international/europe/cyprus-to-shrink-bank-sector-under-last-minute-bailout-deal-a-890731.html

Spiegel Online International, 25.03.13: Cyprus Fallout: Moscow Accuses Euro Zone of Theft -- and Worse http://www.spiegel.de/international/europe/russia-criticizes-eu-over-cyprus-bailout-terms-a-890860.html

European Commission: RAPID: MEMO/13/285: Remarks by Vice President Rehn on Cyprus at the Eurogroup Press Conference on 25 March 2013 http://europa.eu/rapid/press-release_MEMO-13-285_en.htm

EUObserver, 28.03.13: Cyprus bailout: a punishment not a solution http://euobserver.com/opinion/119608

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