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Markets  |  February 13, 2013 09:47:00

Rehn: EU is not planning any debt restructuring Cyprus

EU Commissioner for Economic and Monetary Affairs Rehn said the EU does not prepare the Cyprus debt restructuring. Investors are worried that there might be a similar development as in Greece, where the program participation of private investors suffered significant losses. Cyprus will need to stabilize its banking sector and public finances help some of its annual GDP, as a share of GDP higher than in the previous cases (Greece, Ireland, Portugal).

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Rehn: EU nechystá žádnou restrukturalizaci dluhu Kypru

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