Eurogroup Is Ready to Discuss with Cyprus New Conditions for Financial Aid

Eurogroup Is Ready to Discuss with Cyprus New Conditions for Financial Aid

The finance ministers of the EU countries are ready to discuss with the Cyprus government new conditions for financial aid providing.

For the discussion Cyprus has to present its proposals shortly. The Eurogroup members have confirmed they agree to exempt deposits not exceeding EUR 100,000 from the new levy.

It is also expected that one of the measures for overcoming the crisis will be creation of Solidarity Fund, which to be formed due to the income derived from hydrocarbons extraction, interest on bonds and other assets.

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