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Athens Macedonian News Agency: News in English, 13-03-21
CONTENTS
[01] Eurogroup 'ready to discuss' new proposal with Cyprus
[01] Eurogroup 'ready to discuss' new proposal with Cyprus
AMNA -- Greek Finance Minister Yannis Stournaras participated in an
emergency teleconference of the eurogroup, the eurozone's finance
ministers, on Thursday night, to take stock of the developments in
Cyprus.
In a statement following the teleconference, eurogroup president Jeroen
Dijsselbloem said that "the eurogroup stands ready to discuss with
the Cypriot authorities a draft new proposal, which it expects the
Cyprus authorities to present as rapidly as possible. The eurogroup
would subsequently, on the basis of a troika analysis that needs to
be undertaken, be prepared to continue negotiations on an adjustment
programme, while respecting the parameters defined earlier by the
eurogroup. After the conclusion of such negotiations the Cyprus
authorities should begin legislating the elements of such an agreement."
He added, "The eurogroup reaffirms the importance of fully guaranteeing
deposits below 100,000 euros in the EU. The euro area member states
continue to stand ready to assist the Cypriot people in their reform
efforts and stand ready to ensure the stability of the euro area as
a whole."
Stournaras, speaking to the press following the teleconference, reiterated
that "there is no risk for deposits of Cypus banks in Greece."
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