The Troika says conditions have worsened and wants the new bill to reflect that. They are now asking Cyprus to raise 6.7 billion euros compared to 5.8 billion originally.
The headlines are a bit ambiguous but it sounds like the government has agreed with the assessment and will table changes.
Overall, it’s another wrench in the plan but politicians appear to be coming around. Separately, Reuters is running a headline saying that a levy on bank deposits is ‘clearly on the table’ citing the finance minister.
