Cyprus has four years to implement austerity plans and to balance its budget, according to a leaked copy of bailout terms proposed by international lenders.
The 24-page Memorandum of Understanding (MoU) published in Cypriot press on Monday (1 April) sets out a detailed programme including tax rises, spending cuts, privatisation of state assets and healthcare and pension reforms.
In its 2013 budget, the Cypriot governm...
Back our independent journalism by becoming a supporting member
Already a member? Login hereBenjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.
Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.