ECONOMY

German finance ministry sees final Cyprus MoU proposal on April 9

Germany’s finance ministry expects a final proposal for a Memorandum of Understanding between Cyprus and the troika of the European Central bank, EU Commission and International Monetary Fund to be ready on April 9, a spokesman said on Wednesday.

“There is no finished MoU on the table that we can evaluate,» said finance ministry spokesman Martin Kotthaus at a regular government news conference.

«I expect that on April 9 we will have this whole package,» he said, adding the Bundestag lower house of parliament could vote on the aid package to Cyprus in the week beginning April 15.

[Reuters]