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Cyprus Finance Minister: Russia Dumped Us, Things Get Serious

World | March 22, 2013, Friday // 13:31| Views: 817 | Comments: 4
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Bulgaria: Cyprus Finance Minister: Russia Dumped Us, Things Get Serious "I think we aren't able to get the support that we wanted to get," Cypriot Finance Minister Michael Sarris said in an interview for Bloomberg agency after checking out of the Lotte Hotel in Moscow. Photo by Getty Images

Cyprus finance minister has admitted the situation is getting tougher after Russia spurned its offers of assets for a financial rescue package.

"I think we aren't able to get the support that we wanted to get," Cypriot Finance Minister Michael Sarris said in an interview for Bloomberg agency after checking out of the Lotte Hotel in Moscow.

"But we must go back home because things are getting serious."

Later in the day Prime Minister Dmitry Medvedev assured that the door remains open.

"We didn't close the door, didn't say we won't discuss anything," Prime Minister Dmitry Medvedev said at a briefing in the Russian capital with Jose Barroso, head of the European Commission.

While "we are prepared to discuss various options for supporting" Cyprus, Russia's possible assistance is contingent on a consensus over a rescue plan between the nation and the EU, he said.

A solution to the crisis "can be found" and it must be acceptable to all members of the currency union, Barroso said. "I believe there is no time to lose," he said.

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Tags: Cyprus, bailout package, bank levy, European Union, euro, Germany, finance minister, Wolfgang Schaeuble, Russia, loan
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» To the forumComments (4)
#4
sa-sha - 24 Mar 2013 // 12:39:30

"Never trust "Ivan"---;-) Seedy surpassed himself....btw, today that "Ivan" is nobody else but just "troyka": EU, IMF, ECB. How to believe
them any more?
And in reply to another "pearl" of the same author (fun of Adolf?):
///"Erwarten Sie nicht, einmal ausgenutzt Schwäche Russlands ist, werden Sie immer Dividenden erhalten...mit der Russischen Kosten oder Fairplay oder kein Spiel." (Otto Eduard Leopold von Bismarck-Schönhausen[?])///
"Do not expect that once taken advantage of Russia's weakness, you will receive dividends forever...with the Russian cost or fair play or no play".

#3
Seedy - 23 Mar 2013 // 17:53:41

There's only one take: Never Trust "Ivan" - even Adolf learned that...

#2
sa-sha - 23 Mar 2013 // 13:55:52

...;-) "Cyprus Finance Minister: EU and Turkey Dump Us" or another "take":
http://rt.com/business/cyprus-decide-emergency-legislation-save-financial-system-651/
esp.:
"It's [a $5 billion new Russian loan] been out of the question because the EU has set a LIMIT for debt Cyprus should not go over"
and-merely super-Turkey reaction [to possible selling to Russia the
exploration rights to Cyprus' offshore gas deposits]:
"On Thursday Ankara said it would challenge any move by Cyprus regarding offshore gas exploration"........

#1
Tania OZ - 23 Mar 2013 // 04:01:28

This is a good take on the current situation.

http://www.abc.net.au/news/2013-03-20/market-reaction-to-cyprus-bank-bailout-rejection/4585320

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