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Eurozone crisis: Bailout payments for Cyprus and Greece agreed – as it happened
Posted By kurtnimmoadmin On May 13, 2013 @ 4:51 pm In Global Crisis | Comments Disabled
May 13, 2013
Good morning, and welcome to our rolling coverage of the eurozone financial crisis, and other key events across the world economy.
Greece and Cyprus will be under the microscope today when Eurozone finance ministers meet to decide whether to extend bailout payments to both countries.
Ministers are expected to give their approval to Cyprus’s first aid tranche, worth €3bn, and also to sign off the latest instalment of Greece’s own package. If that happens, expect to hear soothing words about Europe making progress…
…But the Eurogroup meeting will be overshadowed by two other unfolding stories — Slovenia’s efforts to avoid its own bailout, and the escalating social unrest in Spain.
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