CHICAGO (MarketWatch)
Cyprus could soon get a multibillion euro loan from
Russia to help clean up its troubled balance sheet, Dow Jones Newswires reports
The divided island nation may also get funding from both Europe and a separate
sovereign state, the wire service noted
According to local media reports,
Cyprus wants Russia to lend it five billion euros ($6.2 billion), a sum that
amounts to more than a quarter of annual gross domestic product
Last year, the
country got a 2.5 billion euro loan from Russia that helped it avoid a wider
bailout
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Billie, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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