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All reports tagged with: "troika"

Positive review from the troika

A joint statement released by the troika of Cyprus’ international lenders (EC, ECB and IMF) at the conclusion of their latest mission to Cyprus welcomed the continued progress being made.

Troika to conclude review today

The troika of Cyprus’ international lenders comprising the EC, the ECB and the IMF should conclude their sixth review of the island’s Economic Adjustment Programme today; a revised MoU is anticipated.

Waiting for the fat lady to sing

The ECB has yet to decide whether the foreclosures legislation passed by MPs earlier this month is sufficient to enable a review of the Cyprus Economic Adjustment Programme to be concluded.

Troikans bump into elephant

During their recent visit to Cyprus, the delegation from the island’s troika of international lenders bumped into the elephant in the room; the unacceptable delay in issuing Title Deeds.

Guarantor’s proposals to troika

It is hoped that the troika of international lenders will approve the provisions in the fifth bill of the insolvency package so that it may go to the cabinet in early March for ratification and then to parliament.

Deal on foreclosures may be close

The Cyprus government plans to submit the last of the five bills comprising the insolvency framework to parliament within the next few days according to a source in the Finance Ministry.

Cyprus agreement impossible

The Troika of Cyprus’ international lenders has announced that it was not possible to reach an agreement on the review of the Cyprus programme due to the suspension of the foreclosure framework.

Stalemate over bad loan guarantors

Amidst alleged claims that Cyprus politicians may be protecting larger businesses, disagreements have arisen between the government and the troika over the treatment of bad loan guarantors.

Fifth insolvency bill facing problems

The fifth and final bill of the “insolvency framework” has caused a new rift between the Cyprus government and Troika technocrats, particularly with regard to the proposed treatment of guarantors to bad loans.

Cyprus programme review delayed

The European Commission has said that it cannot continue with the next review of the Cyprus adjustment programme following a decision by parliament to delay the Foreclosures Law.

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