Posts by tag: EU taxpayer

Archives April 13, 2013 posted by

Bailout Factbox

WHAT ARE CYPRUS’ TOTAL FINANCING NEEDS?

Cyprus’ total gross financing needs are estimated at €23 billion from the second quarter of 2013 to the first quarter of 2016. This includes recapitalisation of the banking sector, the redemption of maturing medium- and long-term debt including loans and fiscal needs.

Of this amount:

– the euro zone bailout fund will provide €9 billion 

– the International Monetary Fund will provide €1 billion

– Cyprus will come up with €13 billion 

 

WHAT THE 10 BLN FROM INTERNATIONAL LENDERS WILL BE SPENT ON

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