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Bailed-out Cyprus eyes return to normal borrowing this year

Mar 06, 2015    

NICOSIA (Reuters) - Cyprus hopes to borrow on financial markets this year, its finance minister told Reuters on Thursday, saying the island's economy had more in common with bailout turnaround Ireland than Greece.Harris Georgiades said Ireland, which reformed after near bankruptcy, was a role model as Cyprus climbs out of recession and prepares to borrow on markets ahead of the end of its reform-for-aid programme in the middle of next year."I'm ... referring to the Irish example as the one that we should follow," he said. "I think that it is impressive that Ireland has been in v...

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