Cyprus presidency fears add urgency to CRD IV talks


European authorities are rushing to agree the details of the fourth Capital Requirements Directive (CRD IV) in part due to concerns about the ability of Cyprus to wrap up negotiations after it assumes the rotating presidency of the Council of the European Union from Denmark on July 1.

"Put simply, it has a lack of people who are capable of dealing with the range and complexity of all the portfolios and dossiers they've got to deal with," says Graham Bishop, an adviser on EU policy-making.


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