Cyprus can meet financial obligations until May
World
The Cypriot authorities have sufficient funds to provide for the financial obligations of the country until the end of May, 2013 announced outgoing Treasury Secretary Vasos Sharlee after a meeting with President-elect Nikos Anastasiadis and the new head of the Ministry of Finance Michalis Saris.
"Based on budget data, financial problems will not occur until May," said Sharlee.
According to him the new government does not need to resort to external borrowing for another two months.
Cyprus is facing the burden of repaying government bonds in the amount of 1.4 billion Euros which expire on June 3, 2013.


















































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