Cyprus?s government supports purchases of its bonds on the secondary market by the European Central Bank, government spokesman Stefanos Stefanou said on Monday.
Outgoing Finance Minister Kikis Kazamias ?has sent a letter on this issue? to the Frankfurt-based European Central Bank, Stefanou told reporters in Nicosia on Monday. ?We definitely want this kind of support which other countries enjoy.?
The eastern Mediterranean island, the third-smallest economy in the 17-member eurozone, was shut out of markets in May as borrowing costs rose amid investor concern that the government may have to support banks facing losses on their Greek holdings.