On Air Now

Current Show

Mark Levin Show   6:00 PM - 9:00 PM

Call Mark now at 1-877-381-3811

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 590 AM Kalamazoo, MI

Weather

Current Conditions(Kalamazoo,MI 49001)

More Weather »
73° Feels Like: 73°
Wind: SW 6 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Clear 61°

Tomorrow

Mostly Sunny 82°

Thurs Night

Clear 64°

Alerts

New Cyprus finance minister says will fully meet bailout terms

Newly-appointed Cyprus Finance Minister Harris Georgiades speaks during a ceremony at the Presidential Palace in Nicosia, Cyprus April 3, 20
Newly-appointed Cyprus Finance Minister Harris Georgiades speaks during a ceremony at the Presidential Palace in Nicosia, Cyprus April 3, 20

NICOSIA (Reuters) - Cyprus is committed to meeting all the terms of a 10 billion euro bailout deal agreed with international lenders last week, the euro zone state's new finance minister Harris Georgiades said on Wednesday.

The island has already slashed the size of its large banking sector and imposed a levy on large bank deposits as required by the financial aid deal.

"We shall implement the (memorandum of understanding) fully, and without any derogations. We shall meet all timeframes, we will meet all targets," Georgiades, who replaced Michael Sarris after he quit as finance minister on Tuesday, told reporters.

(Reporting by Michele Kambas; Editing by Catherine Evans)

Comments