Nicosia official says Cyprus not in reach of deal with troika, blames IMF

A senior Cypriot official suggested late on Saturday that his government was not close to an agreement with the troika over a range of measures aimed at securing a 10-billion-euro bailout for his country.

“We are not in touching distance of an agreement,” the official, who preferred to remain anonymous, told the Cyprus News Agency.

According to the news agency, the official said that the impasse was a result of the “inflexible” stance of the International Monetary Fund representative in the troika.

“Every half hour, new demands are made,” the official said.

The comments came after President Nicos Anastasiades held talks with troika representatives and as he met with Cypriot party leaders to discuss the measures his government proposes to adopt, reportedly including a deposit tax.