Cyprus to vote on new plan, Europe skeptical

  • 12/15/2022
  • 16:26
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NICOSIA, Jumada I, 10, 1434, Mar 22, 2013, SPA -- Cypriot lawmakers are due to vote Friday on a raft of new measures they hope will qualify the country for a bailout package and avoid financial ruin next week. But officials in Brussels and Berlin gave no indication it would be enough, according to AP. Cyprus needs to find a way to raise the 5.8 billion euros to qualify for 10 billion euros in rescue loans from other eurozone countries and the International Monetary Fund. The plan needs approval from eurozone and IMF and that remained elusive. Eurozone officials said they had not seen all the details and would have to discuss whatever final plan Cyprus presents. Cyprus has had to come up with the new plan after lawmakers rejected a scheme that would have seized up to 10 percent of people's bank deposits. -- SPA 18:41 LOCAL TIME 15:41 GMT www.spa.gov.sa/1090319

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