Cypriot Parliament extends repossessions suspension

The Cyprus House of Representatives on Thursday extended the suspension of a law on repossessions until March, despite pressure from the island’s creditors, who are warning that its assessment will be frozen, as well as obligations of 2.9 billion euros.

This means the 86-million-euro installment due from the International Monetary Fund will not be disbursed before March 2.

Government spokesman Nikos Christodoulides on Friday expressed the government’s disappointment with the vote result.