Cyprus: Who messed up
Almost nobody now believes the Cypriot bailout deal negotiated in the early hours of Saturday morning was smart. As the economist Paul Krugman put it, it was as if Europeans were holding up a sign...
View ArticleCypriots protest
AROUND 1,000 people gathered outside Parliament yesterday despite a vote on the proposed haircut being postponed until today at 6pm. Around half of the protesters dispersed quite quickly after...
View ArticleMore Cypriot protests
Thousands of protesters have gathered outside the House of Representatives building on Tuesday afternoon to demonstrate against a draft bill concerning an unprecedented levy to be imposed on savings in...
View ArticleHow Turkish Cypriot press covers Eurogroup’s decision on Cyprus
How the Turkish Cypriot press covers Eurogroup’s decision on Cyprus Most of the Turkish Cypriot daily newspapers on Sunday, Monday and Tuesday (17-19.03.13) cover on their front pages the decision...
View ArticleMoD flies emergency cash to Cyprus for British personnel
An RAF plane carrying 1m euros is flying to Cyprus from Britain as a “contingency measure” to provide military personnel with emergency loans, the Ministry of Defence says. The move comes after a...
View ArticleCyprus parliament rejects deposit tax for bailout
Cypriot lawmakers overwhelmingly rejected a deeply unpopular tax on bank deposits on Tuesday, throwing into doubt an international bailout for the troubled euro zone member needed to avert default and...
View ArticleAnastasiades underestimated the people of Cyprus
PRESIDENT Anastasiades had obviously underestimated the reaction there would have been to the bail-in of bank deposits to which he agreed to on Saturday morning. He did not bargain for such public...
View ArticlePutin and Anastasiades discuss economic situation in Cyprus
The current economic situation in Cyprus was among the issues Presidents of Russia and Cyprus, Vladimir Putin and Nicos Anastasiades, discussed during a telephone conversation they had on Tuesday. A...
View ArticleCyprus: Church assets at the disposal of the state
Archbishop of Cyprus Chrysostomos has said that the assets of the Orthodox Church of Cyprus is at the disposal of the state and can be used to save the economy of Cyprus and the banking system. In...
View ArticleBig meeting at the Cyprus Presidential Palace
A meeting of political leaders is taking place in the Presidential Palace under President Anastasiades to assess the situation in the economy following the House rejection of the deposits ‘haircut’....
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Budget 2013: Osborne to help those ‘who want to get on’
George Osborne has said he will “tackle the economy’s problems head on” when he outlines his fourth Budget. In a message ahead of the annual statement, due at 12:30 GMT, the chancellor said he would...
View ArticleUK unemployment rises to 2.52m
Unemployment rose by 7,000 to 2.52 million between November and January, according to official figures. The rise will put extra pressure on Chancellor George Osborne in advance of his lunchtime Budget....
View ArticleRussia and Cyprus failed to agree on a loan deal
Russia and Cyprus failed to agree on a loan deal at talks on Wednesday which Nicosia hoped would help it though its financial crisis. Cypriot Finance Minister Michael Sarris said after talks with...
View ArticleAustrian chancellor can’t rule out Cyprus euro exit
Austria hopes Cyprus will find a way to stay in the euro zone but its fate is in the hands of its own government, Chancellor Werner Faymann said on Wednesday. After an international rescue for the...
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Andreas Panayiotou drops house price by 35 million
Stunning 14-bedroom Heath Hall first went on the market for an eye-watering £100million. But a lack of interest in the Grade II listed pile has seen billionaire property mogul Andreas Panayiotou drop...
View ArticleCyprus plan B
Nicosia was eerily quiet on Wednesday, the morning after demonstrators cheered parliament’s rejection of what was seen as an unfair EU diktat. The government has not allowed banks to reopen this week...
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NEPOMAK celebrates ten years in style
NEPOMAK.uk celebrates its 10th Birthday with a Glitzy Anniversary Ball Ten exciting years of NEPOMAK.uk were celebrated on Saturday 16th March at a SELL-OUT Ball at the Regent’s Park Marriott Hotel,...
View ArticleCypriot traps burglars in Finchley
A quick-thinking shopkeeper locked two women in a tanning salon and called the police after catching them trying to steal money from the till. George Mouzouris, 50, was getting a coffee in High Road,...
View ArticleBarnet back on track
Edgar Davids said he was proud of Barnet’s performance after the Bees recorded a 2-0 win at Underhill against Fleetwood Town. A goal from Mark Byrne put Barnet ahead in the opening period and a second...
View ArticleCypriot authorities must present an alternative scenario
It is now for the Cypriot authorities to present an alternative scenario, respecting the debt sustainability criteria and corresponding financing parameters, the European Commission said Wednesday,...
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