Saturday April 19, 2014


QUESTION OF THE WEEK

Survey results are meant for general information only, and are not based on recognised statistical methods.



Home »  News »  Business

Cyprus president says Russia ready to pitch in to rescue package along with EU

NICOSIA, Cyprus - Cyprus' president says Russia is ready to contribute to a rescue package that the country needs to stay afloat.

Dimitris Christofias says Wednesday that his Russian counterpart Vladimir Putin assured him of Moscow's readiness to "extend a helping hand" to Cyprus in a telephone conversation the previous day.

Christofias didn't specify how much Russia would offer, but said this help could "save" the country.

Cyprus is trying to finalize a bailout from its euro partners of as much as 17 billion ($22.8 billion) roughly equal to its annual gross domestic product to prop up its ailing banks and flagging economy.

Cyprus received a 2.5 billion loan from Russia in 2011 and sought another 5 billion from Moscow last year without result.


Comments


NOTE: To post a comment in the new commenting system you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Yahoo, OpenID. You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The Alaska Highway News welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

blog comments powered by Disqus


About Us | Advertise | Contact Us | Sitemap / RSS   Glacier Community Media: www.glaciermedia.ca    © Copyright 2014 Glacier Community Media | User Agreement & Privacy Policy

LOG IN



Lost your password?