Cyprus: Waiting for the Next Bailout Tranche

People ♦ Published: September 2, 2013; 18:19 ♦ (Vindobona)

Crisis-struck member of the Eurozone Cyprus will have to wait for the next payment out of the bailout-package. Before the next tranche will be transferred the small country has to implement key measures.

Cyprus: Waiting for the Next Bailout Tranche / Picture: ©

The confirmation by the troika ‑ consisting of the International Monetary Fund (IMF), the EU Commission and the European Central Bank (ECB) ‑ which confirms in a test report that Cyprus had fulfilled the so-called Prior Actions is still outstanding, according to a writing by the German Finance Ministry to the Committee on Budgets of the German Bundestag.

The report is…