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ECB gives Cyprus until Monday

21.03.13 @ 09:49

  1. By EUOBSERVER

The European Central Bank has decided to keep an emergency lending scheme for Cypriot banks until Monday (25 March). "Thereafter, Emergency Liquidity Assistance (ELA) could only be considered if an EU/IMF programme is in place that would ensure the solvency of the concerned banks," it said in a press release.

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