After Cyprus, eurozone faces tough bank regime
Author: Luke Baker THE rescue programme agreed for Cyprus on Monday represents a new template for resolving eurozone banking problems and other countries may have to restructure their banking sectors,...
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Our view: Eurogroup deal designed to kill off Cyprus, not cure it
MANY said that Cyprus secured the best possible deal under the circumstances during the 10-hour negotiations in Brussels but this is of little comfort when we ponder the consequences of the terms...
View ArticlePissarides: troika’s decisions baffling
Author: Stefanos Evripidou THE HANDLING of the Cyprus economic crisis by the Eurogroup of finance ministers highlighted that not all nations are equal in the eurozone where large nations’ interests...
View ArticleCIPA: energy sector will prove catalytic for Cyprus
THE Cyprus Investment Promotion Agency (CIPA) expressed its regrets yesterday over the raid on bank deposits imposed by the EU but also welcomed the finalisation of a bailout deal with international...
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‘Senior officials ordered early haircut law draft’
Author: George Psyllides THE Presidential Palace insisted yesterday that President Nicos Anastasiades had not been aware of instructions to draft legislation regarding a ‘haircut’ on deposits before...
View ArticleNEW: Eurogroup agrees Cyprus bailout
Following is the text of the Eurogroup's statement on Cyprus following a meeting of eurozone finance ministers in Dublin on Friday."The Eurogroup welcomes the staff-level agreement that has been...
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Sarris: law draft was for haircut on deposit interest
Author: George Psyllides FORMER finance minister Michalis Sarris yesterday sought to set the record straight regarding a controversial deposit haircut bill, saying it was in fact legislation to tax...
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Eurogoup backs bailout deal
Author: By Jan Strupczewski, Annika Breidthardt and Stefanos Evripidou EUROZONE finance ministers yesterday backed a €10 billion bailout for Cyprus, after commending the Cypriot authorities for their...
View ArticleBank deposits down by €3.7b in March
AS MUCH as €3.7 billion was taken out of the island’s banks in March, €0.9 billon in February and €1.7 billion in January, Central Bank of Cyprus (CBC) data showed yesterday.Overall deposits in March...
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Dijsselbloem: Cyprus to blame
Author: Poly Pantelides THE HEAD of the Eurogroup, the eurozone’s finance ministers who negotiated Cyprus’ bailout deal, was yesterday grilled by members of the European parliament (MEPs) over...
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