Haberler      English      العربية      Pусский      Azerice      Kurdî      Türkçe  
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 21/01/2017 11:28 
11.02.2013 10:40 News >> ECB's Asmussen Presses For Cyprus Aid Deal

ECB's Asmussen Presses For Cyprus Aid Deal

ECB's Asmussen Presses For Cyprus Aid Deal

A leading official from the European Central Bank has urged eurozone governments to speed up their decision-making process with regard to a rescue package for Cyprus.

A leading official from the European Central Bank has urged eurozone governments to speed up their decision-making process with regard to a rescue package for Cyprus. He said dragging one's feet is no solution.
Top European Central Bank(ECB) official Jörg Asmussen said eurozone leaders should not waste any time in reaching an agreement on a bailout deal for struggling Cyprus.

He told the Monday edition of Germany's "Handelsblatt" business daily that he expected an aid program to be drawn up by the end of March.

"If anyone hopes to delay a decision until after the German parliamentary election [on September 22, 2013], that won't work," the ECB executive board member warned, bearing in mind the German government's recent misgivings about a bailout scheme for Cyprus.

Looming bankruptcy

Asmussen said, though, that allegations that Cyprus was not doing enough to combat money laundering needed to be looked into. He said bringing in an auditing company to examine whether international standards on fighting money laundering were applied in the country, would be a good idea.

The ECB board member added that not granting any help to Cyprus would entail dire risks.

"If we were to leave a country like that to its own devices, we'd jeopardize all the progress we made last year in curbing the euro crisis - and such a move would come at enormous political and financial costs," Asmussen said.

Eurozone finance ministers are meeting in Brussels on Monday to once again debate a bailout scheme for Greece, but no decisions were expected to be announced. There has been talk of possible rescue package worth 17.5 billion euros ($23.4 billion), with 10 billion euros to go into getting the country's banking sector back onto its feet.

hg/pfd (Reuters, AP, dpa)



        Latest News
46 Daesh Terrorists 'Neutralized' İn Northern Syria 18 minutes ago...
Ex-Libyan Minister Survives Car Bombing İn Benghazi 18 minutes ago...
Trump Signs Order To Roll Back US Health Care Law -27 minutes ago...
20 Killed İn Pakistan Blast -12 minutes ago...
Diary -27 minutes ago...

 
      Top News
White House Webpage On Climate Change Vanishes White House Webpage On Climate Change Vanishes
Daesh Martyrs 5 Turkish Soldiers Near Syria's Al-Bab Daesh Martyrs 5 Turkish Soldiers Near Syria's Al-Bab
Pakistan Leases 2 Boeing Aircraft From Turkish Operator Pakistan Leases 2 Boeing Aircraft From Turkish Operator
Over 63,700 Startups Launched İn Turkey Last Year Over 63,700 Startups Launched İn Turkey Last Year
US Supports Senegal Military İntervention İn Gambia US Supports Senegal Military İntervention İn Gambia
Trump's Treasury Pick Supports Sanctions Against Russia Trump's Treasury Pick Supports Sanctions Against Russia
Filipino Hostages Rescued From Daesh-Linked Group Filipino Hostages Rescued From Daesh-Linked Group
Turkey's Simsek: Eu Trade Matters More Than Us Turkey's Simsek: Eu Trade Matters More Than Us
Egypt Court Adds Popular Ex-Footballer To 'Terror List' Egypt Court Adds Popular Ex-Footballer To 'Terror List'
Malaysia Urges Myanmar To End Violence Against Rohingya Malaysia Urges Myanmar To End Violence Against Rohingya