CYPRIOT Finance Minister Michalis Sarris has failed to win assistance from tough-bargaining Russia after his island's rejection of an EU bailout that would have slapped a painful levy on bank accounts.
Sarris met his Russian counterpart Anton Siluanov before holding talks with First Deputy Prime Minister Igor Shuvalov about a possible new Moscow loan.
Cyprus also hopes to ease the terms of a 2.5 billion euros ($A3.13 billion) loan Moscow afforded Nicosia in 2011 that matures in 2016.
"We had a very good beginning. We had a very good, honest and open discussion," Sarris told reporters after his meeting with the Russian finance minister.
But a Russian government source told AFP a second round of talks with Shuvalov - a close aide to President Vladimir Putin who oversees the financial sector - produced no results.
Sarris has vowed to stay in Moscow until some agreement is reached that could help his country's banks avoid bankruptcy and the island from going into default.
Russian news reports said the talks would continue in Moscow on Thursday.
"It makes sense for Russia to extend the loan, but at what price - these are the things they are discussing now," said Renaissance Capital's chief economist Ivan Tchakarov.
The visit comes a day after furious Cypriot MPs flatly rejected a highly unpopular measure that would have slapped a one-time fee of up to 9.9 per cent on bank deposits over 20,000 euros as a condition for an EU-led 10-billion-euro bailout loan.
The European Commission said on Wednesday any new Cyprus bailout must ensure its debt burden is sustainable - a signal it expects the island to raise the remaining 5.8 billion euros believed necessary.
Cyprus badly needs the money in part to recapitalise its banks, which took a bruising in the Greek debt crisis.
Their collapse would leave the country bankrupt and in danger of going into default.
That in turn would put immense pressure on the eurozone and once again put the future of the single currency in doubt.
Cyprus is now scrambling for a Plan B that includes the option of turning to Russia.
Russians - many of them wealthy tycoons seeking to avoid taxes back home - have $US31 billion ($A30.05 billion) in private and corporate cash deposited in the island's teetering banks.
Anda sedang membaca artikel tentang
Cyprus fails to win Russia's help
Dengan url
http://pilkadaseo.blogspot.com/2013/03/cyprus-fails-to-win-russias-help.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Cyprus fails to win Russia's help
namun jangan lupa untuk meletakkan link
Cyprus fails to win Russia's help
sebagai sumbernya
0 komentar:
Posting Komentar