Weak recovery failing to generate new jobs.
Both countries get seven more years to pay their bailout loans to ease the burden on their economies. | Digest: Cyprus seeks front loading of bailout money
The Commission anticipates that the eurozone recession will bottom out over the first half of this year.
Europe's economy is still reeling and unemployment could remain high.
Olli Rehn added that he was confident the recession-strapped country would meet its stated deficit reduction goals.
