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Noonan confident Cyprus bailout deal will be done before tomorrow's deadline

The Finance Minister says he's confident a deal will be done tonight in relation to a 10 billion ...
Newstalk
Newstalk

23.08 24 Mar 2013


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Noonan confident Cyprus bailou...

Noonan confident Cyprus bailout deal will be done before tomorrow's deadline

Newstalk
Newstalk

23.08 24 Mar 2013


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The Finance Minister says he's confident a deal will be done tonight in relation to a 10 billion euro bailout package for Cyprus.

A meeting of finance ministers is underway in Brussels where plans for the rescue package are being discussed.

It's believed the proposals will see a levy placed on all bank accounts worth over 100-thousand euro - a move which is deeply unpopular with the Cypriot people.

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If no agreement is reached Cyprus could face economic collapse and be forced to leave the Euro.

But Michael Noonan says he expects that ministers will arrive at an agreement tonight:


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