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Vice President Rehn's remarks at the Eurogroup Press Conference

11/12/2012

On Greece, I will also refrain from commenting in any way on the debt buyback operation underway until the results have been announced by the Greek authorities.

On Cyprus, good progress has been made in our discussions with the Cypriot authorities. The convergence reached on the policies to strengthen public finances, to repair and reform the financial system and enhance competitiveness, represents a necessary step towards agreement on an economic reform programme. I look forward to a timely conclusion of the remaining outstanding aspects once we have the results of the due-diligence exercise for banks currently underway in Cyprus

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