Finance Minister Vassos Shiarly said the government has nearly met a troika demand to cut spending and raise revenue by â¿¬975 million over the next three years and that only a few issues remain to be ironed out. They include privatizing profitable, state-owned companies and supervision over the country's co-operative banks.The main point of contention between Cypriot and troika officials is how much Cypriot banks need to recover from â¿¬4.5 billion in losses they took on Greek government debt and bad loans.
Cyprus Denies Claim It's Russian Dirty Money Haven
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