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18.33 So, the Cypriot president's statement had been delayed until 1830. 18.17 There's now a statement doing the rounds from the Eurogroup, clarifying its position following Dijsselbloem's comments earlier (see 15.15).Here's what they say: Cyprus is a specific case with exceptional challenges which required the bail-in measures we have agreed upon yesterday.

By Andria Kades WHILE Cyprus’ application to have halloumi designated as a Protected Designation of Origin (PDO) was met with mixed reactions at home, UK cheese makers are vowing to fight it.Cyprus secured what its politicians described as a 'painful' solution to avert imminent bankruptcy, agreeing early Monday to slash its oversize banking sector and make large account holders take losses to help pay to secure a last-minute €10bn bailout.Cypriot Finance Minister Michalis Sarris gestures during a press conference following a Eurozone meeting early on Monday morning at EU headquarters in Brussels.Sales of the cheese in the UK rose 35 per cent between 20.Sales in Tesco’s increased by 132 per cent during the same period.

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