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EU Chief To Try To Get Last-Minute Cyprus Deal
Published in Saudi Press Agency on 24 - 03 - 2013

A top European official will chair a high-level meeting on Cyprus on Sunday afternoon in a last-ditch effort to seal a deal before finance ministers decide whether the country gets a 10 billion euro bailout loan to save it from bankruptcy.
Cypriot President Nicos Anastasiades and Finance Minister Michalis Sarris were flying to Brussels early Sunday. The day of talks could prove critical - not only for the future of their small island nation, but for that of the 17-nation eurozone, as well.
Spokesman Preben Aamann could not confirm who would participate in the meeting, but said it would be led by European Council President Herman Van Rompuy. The Council is the gathering of 27 EU heads of state and government.
Cyprus said European Council President Jose Manuel Barroso would also participate in the meeting led by Van Rompuy. The Council is the EU's executive arm.
Following that session, Anastasiades will meet with Christine Lagarde, the managing director of the International Monetary Fund, and Mario Draghi, president of the European Central Bank, Christodoulides was quoted as saying by the Associated Press.


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