Cyprus seeks ECB for bailout| MENAFN.COM

Wednesday, 29 June 2022 10:44 GMT

Cyprus seeks ECB for bailout

(MENAFN) European Central Bank chief Mario Draghi Wednesday met Cypriot President Nicos Anastasiades in Frankfurt to help the eurozone member tackle its daunting bailout terms, an official statement said. "The focus of the meeting was the practical difficulties that arise for the banking system from the implementation of the loan agreement," Cyprus government spokesman Christos Stylianides said in the statement issued in Nicosia. "The two sides decided that today's meeting will be followed by other meetings whenever that is deemed necessary and whenever practical difficulties arise," the statement said.

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