Cyprus ‘on track’ for bailout money

EUObserver reported that a European Commission report of August 2013 concluding that Cyprus was on the right path to receive the next €1.5 billion tranche of its €10 billion bailout. The European Commission described the government's programme of economic reforms and spending cuts economic reform programme as being 'on track'.

The report was due to be approved by EU finance ministers in September 2013.

• Primary Source

ESO: Background information: Statement by the European Commission, ECB and IMF on the First Review Mission to Cyprus http://www.europeansources.info/record/memo-statement-by-the-european-commission-ecb-and-imf-on-the-first-review-mission-to-cyprus/

IMF: Cyprus and the IMF http://www.imf.org/external/country/cyp/

European Commission: RAPID: Tag: Additional tools Print version Decrease text Increase text Share Financial assistance in EU Member States http://ec.europa.eu/economy_finance/articles/financial_operations/

European Commission: DG Economic and Financial Affairs: Financial assistance in EU Member States http://ec.europa.eu/economy_finance/assistance_eu_ms/index_en.htm

European Commission: DG Economic and Financial Affairs: Financial assistance in EU Member States: Cyprus http://ec.europa.eu/economy_finance/assistance_eu_ms/cyprus/index_en.htm

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