NICOSIA - Any solution must involve a "haircut" the troika insists, if the Republic of Cyprus wishes to obtain a loan from the EU, sources told the Cyprus News Agency.
A government source at the Presidential Palace stated that time has run out and any extension will lead to a more complete collapse of the banking system.
The Government hopes that the parties will take this intoaccount when they meet Friday afternoon in the House.
What should be remembered, said the sourceis that there is no longer any hope from Moscow and all that is left is the Eurogroup.