Cyprus Problem | South to Exit Bailout by December 2015

Cyprus Problem - South to Exit Bailout by December 2015WITHOUT PREJUDICE

Cyprus Problem – South to Exit Bailout by December 2015

It seems the President of the ROC hopes that his country will exit the bail out programme by the end of 2015.

This seems somewhat optimistic considering they still have not satisfied the conditions for the next overdue tranche of the loan to be released and the much talked about Foreclosure Bill, though voted into law seems to be far from effective and has not satisfied troika, hence the delay in releasing the overdue tranche of the loan.

“President of the Republic of Cyprus Nicos Anastasiades has expressed hope that Cyprus will be able to exit the bailout programme by the end of 2015.” ¹

Well we all know hope springs eternal, but if the President continues to pander to the unions, allows himself to be persuaded to U turn too often, he will find himself not only out of the bail out programme but looking elsewhere for money too. How much longer troika will put up with the odd behaviour of the ROC and its Government is any one’s guess.

Source
¹   http://cyprus-mail.com/2014/09/21/president-hopes-to-exit-bailout-programme-by-end-of-2015/
Pauline Read

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