Dijsselbloem: Decision on disbursement of second tranche for Cyprus in Vilnius

Dijsselbloem said the Eurogroup welcomed the voluntary debt swap application of Cypriot government bond total nominal value of EUR 1 billion and maturing in the period of economic adjustment program.

At the same time, he said that the Eurogroup reported the completion of the audit in the portfolio of the Bank of Cyprus, which as he noted, is expected in late July.

Dijsselbloem recalled that in response to a letter from President Anastasiades, he had pointed out the need to enforce the agreements arising from the Memorandum.