Cyprus to vote on new plan, Europe skeptical
NICOSIA, Cyprus (AP) — Cypriot lawmakers are due to vote Friday on a raft of new measures they hope will qualify the country for a bailout package and help it avoid financial ruin next week. But key European leaders gave no indication it would be enough.
Cyprus needs to find a way to raise the 5.8 billion euros ($7.5 billion) to qualify for 10 billion euros ($12.9 billion) in rescue loans from other eurozone countries and the International Monetary Fund.
But eurozone officials said they had still not seen all the details and would have to discuss whatever final plan Cyprus presents.
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