Cyprus Finance Minister Targets Irish-Style Bailout Exit

Cyprus could benefit from strong bank stress test results and positive economic signs to pull off an Irish-style bailout exit and make a full return to the bond market, Finance Minister Harris Georgiades said.

“The only way out of the bailout is implementing the fiscal adjustment program, like the Irish did,” Georgiades said in an interview in Nicosia. “The bailout exit will come when market access is fully restored.”