On Air Now

Upcoming Shows

Program Schedule »

Tune in to Listen

650 AM Hibbing, Minnesota

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
52° Feels Like: 52°
Wind: WNW 15 mph Past 24 hrs - Precip: 0.03”
Current Radar for Zip

Today

Cloudy 61°

Tonight

Partly Cloudy 42°

Tomorrow

Sunny 71°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

New Cyprus finance minister says will fully meet bailout terms

Newly-appointed Cyprus Finance Minister Harris Georgiades speaks during a ceremony at the Presidential Palace in Nicosia, Cyprus April 3, 20
Newly-appointed Cyprus Finance Minister Harris Georgiades speaks during a ceremony at the Presidential Palace in Nicosia, Cyprus April 3, 20

NICOSIA (Reuters) - Cyprus is committed to meeting all the terms of a 10 billion euro bailout deal agreed with international lenders last week, the euro zone state's new finance minister Harris Georgiades said on Wednesday.

The island has already slashed the size of its large banking sector and imposed a levy on large bank deposits as required by the financial aid deal.

"We shall implement the (memorandum of understanding) fully, and without any derogations. We shall meet all timeframes, we will meet all targets," Georgiades, who replaced Michael Sarris after he quit as finance minister on Tuesday, told reporters.

(Reporting by Michele Kambas; Editing by Catherine Evans)

Comments