BRUSSELS—Cyprus's new finance minister, Michalis Sarris, set out his
strategy in negotiating a €17 billion euro ($22.1 billion) bailout from
the euro zone and the International Monetary Fund on Sunday, 24 hours
before restarting stalled talks with his euro-zone counterparts.
Cyprus will meet its would-be creditors halfway on privatizations, shrinking its financial-services sector and auditing its anti-money-laundering framework, he said, but won't tolerate talk of a depositor bail-in that has sparked depositor flight in recent weeks.
Mr. Sarris, who was speaking to reporters in Brussels, also said the U.K., Cyprus's former colonial master, might participate in a bailout package. He ...
Cyprus will meet its would-be creditors halfway on privatizations, shrinking its financial-services sector and auditing its anti-money-laundering framework, he said, but won't tolerate talk of a depositor bail-in that has sparked depositor flight in recent weeks.
Mr. Sarris, who was speaking to reporters in Brussels, also said the U.K., Cyprus's former colonial master, might participate in a bailout package. He ...
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