Cyprus Agrees to Bailout Plan

$12.8 billion will be released

Reason Staff | 4.3.2013 8:28 AM

Cyprus has agreed to a set of measures that will release a 10bn-euro (£8.5bn; $12.8bn) international bailout.

The International Monetary Fund (IMF), which is contributing 1bn euros, says they are "challenging" and will require "great efforts" from its population.

Start your day with Reason. Get a daily brief of the most important stories and trends every weekday morning when you subscribe to Reason Roundup.

NEXT: Saudi Man Reportedly Sentenced to Be Paralyzed

Hide Comments (0)

Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.

Please log in to post comments

Cyprus Agrees to Bailout Plan

$12.8 billion will be released

Latest

Normalizing Relations

Free Pete Rose

Brickbat: Getting Hosed

3 Myths About Tariffs

The Federal Government's 175,000 Pages of Regulations Turn the Rule of Law Into a Cruel Joke

Recommended

Login Form