The sun does not rise and set independently either
I never saw Clive Turner’s letter as it appeared (Sunday Mail 17 February.), as I was in Virginia to attend a meeting of the Professional Division of The Monroe Institute, famous for the Out-of-Body...
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Co-ops caught in crosshairs
PEOPLE WITH savings in cooperative banks across Cyprus yesterday rushed to withdraw their money before the government could implement an all-out haircut on Cypriot deposits, attempting to take...
View ArticleCypriot banks to transfer Greek units to Greek owners
CYPRIOT banks will transfer their Greek units to Greek owners as part of the island's international bailout agreed earlier yesterday, two government and banking sources in Athens told Reuters.Cypriot...
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‘They took our money while we were sleeping’ WITH VIDEO
Author: Peter Stevenson THE AIR of disappointment and rage on Ledra Street yesterday morning was almost tangible with groups of middle-aged men gathering to express their disbelief and fury about the...
View ArticleCaught between a rock and a hard place
Author: Elias Hazou ANALYSTS yesterday echoed the public’s discontent in denouncing the agreement struck in Brussels, though some acknowledged that the government was negotiating with a gun to its...
View ArticleTroika are ‘vindictive and neo-colonial’
Author: George Psyllides PARTIES reacted angrily to the Eurogroup decision, with communist AKEL saying it was contemplating proposing Cyprus’ exit from the common currency, the euro.However,...
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Money will be cut from accounts by Tuesday morning
Author: Elias Hazou THE ONE-OFF levy on bank deposits agreed between Nicosia and international creditors will impact all Cypriot account holders.In addition to Cypriot commercial and co-operative...
View ArticleTales from the Coffeeshop: Nik left carrying the can for the village idiot
Author: Patroclos THREE weeks ago he was on the podium at the Eleftheria Stadium being applauded and cheered by thousands of flag-waving supporters for his election victory. Today he is the most...
View ArticleOur View: The ‘rescue package’ designed to destroy the economy
EVEN though the haircut of bank deposits had been on the agenda of the EU for more than a month now, featuring in Commission memos and being openly discussed by European politicians, most of whom,...
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Cyprus left reeling from haircut
Author: Stefanos Evripidou THE DECISION to impose an unprecedented all-out haircut on Cypriot deposits was a painful one, but it was the only option to avoid bankruptcy of the state, said President...
View ArticleVote on controversial deposit haircut postponed
PARLIAMENT on Sunday postponed an emergency session to discuss a levy on bank savings imposed to partially fund an international bailout needed to stave off bankruptcy.All meetings were postponed until...
View ArticleRussia's Putin calls Cyprus deposit levy 'unfair, dangerous'
RUSSIAN President Vladimir Putin called on Monday the proposed levy on banking deposits "unfair, unprofessional and dangerous," his spokesman Dmitry Peskov quoted him as saying.Peskov said that Putin...
View ArticleBanks lead market lower on jitters over Cyprus
Author: Tricia Wright LONDON, March 18 (Reuters) - European shares fell sharply on Monday, with markets rattled by a radical bailout plan for Cyprus which knocked confidence in European banks, though...
View ArticleCyprus considers tax-free threshold for smaller deposits
NICOSIA, March 18 (Reuters) - Cyprus is considering the introduction of a tax-free threshold for smaller bank deposits, a government source said on Monday, in an attempt to win over lawmakers hostile...
View ArticleLevy on smaller Cyprus depositors not German idea-Schaeuble - denied by palace
BERLIN, March 18 (Reuters) - Finance Minister Wolfgang Schaeuble deflected blame on Monday for a European bailout deal for Cyprus that foresees hitting small savers in the Mediterraneanisland's banks,...
View ArticleVote on deposit levy changed to Tuesday as Germany says open to changing...
BRUSSELS, March 18 (Reuters) - Cyprus' parliament has postponed until Tuesday a vote on introducing a one-off levy on bank deposits that aims to raise 5.8 billion euros for the country's bailout, but...
View ArticleEurogroup to hold conference call
EUROGROUP finance ministers will hold a conference call on Monday evening, a German finance ministry spokeswoman said, following a weekend bailout deal for Cyprus that includes a levy on depositors in...
View ArticleATMs working normally, says central bank
ATMs are working as normal and the public can use them, a statement from the Central Bank said yesterday.Spokesperson for the Central Bank, Aliki Stylianou said that ATMs were refilled on Monday...
View ArticleBanks to remain shut Tuesday and Wednesday
BANKS in Cyprus will be shut on Tuesday and Wednesday pending a decision by parliament to approve a levy on bank depositors, a government source told Reuters."Tuesday and Wednesday are bank holidays,"...
View ArticleUK pensions delayed amid Cypriot chaos
SEVERAL thousand expat Britons with Cypriot bank accounts have had their pension payments frozen to ensure they receive them ahead of a proposed bank deposit tax, Treasury minister Greg Clark...
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