Cyprus’ Natural Gas Reserves Could Influence Eligibility for Eurogroup Bailout

Reuters reported that future revenues in natural gas reserves in Cyprus could factor in to decisions surrounding granting them an emergency bail out loan.

As quoted in the market report:

Euro Zone officials have said that currently available estimates for the revenues varied between 100 and 300 percent of Cypriot gross domestic product, which is around 18 billion euros ($24 billion).

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