Cyprus exits bailout programme

Cyprus concluded its bailout programme with the European Union's European Stability Mechanism (ESM) on 31 March 2016. In a sign of the Mediterranean island’s improving fortunes, the Cypriot authorities decided not to use the last €2.7 billion of the 10-billion-euro loan package, partly funded by the International Monetary Fund.

European Commission vice president Valdis Dombrovskis praised the Cypriot authorities and people for 'doing what was needed to heal the economy'.

• Primary Source

ESO: Background information: Eurogroup statement on Cyprus http://www.europeansources.info/record/press-release-eurogroup-statement-on-cyprus-3/

ESO: Background information: Cyprus' financial assistance programme [March 2016] http://www.europeansources.info/record/cyprus-financial-assistance-programme-march-2016/

The Independent, 08.03.16: Cyprus celebrates its early exit from EU bailout programme http://www.independent.co.uk/news/business/news/cyprus-celebrates-its-early-exit-from-eu-bailout-programme-a6918356.html

The Wall Street Journal, 07.03.16: Cyprus to Exit From Bailout Program http://www.wsj.com/articles/cyprus-to-exit-from-bailout-program-1457380058

Kathimerini, 07.03.16: IMF hails Cyprus decision to cut short bailout program http://www.ekathimerini.com/206736/article/ekathimerini/business/imf-hails-cyprus-decision-to-cut-short-bailout-program

Deutsche Welle, 08.03.16: Cyprus reforms praised as it exits bailout program http://dw.com/p/1I95v

Cyprus Mail, 31.03.16: Bailout exit marks new day and new responsibilities, president tweets http://cyprus-mail.com/2016/03/31/bailout-exit-marks-new-day-and-new-responsibilities-president-tweets/

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