Cypriot Bank
Cyprus
ECB to Change Rules to Buy Greek, Cypriot Debt
The European Central Bank is set to change its rules to allow it to buy asset-backed securities with junk ratings issued by Greek and Cypriot banks.
The ECB’s executive board, meeting Thursday (2 October), is to propose that its requirements...
Cyprus
Cypriot Bank Losses From Greek Bond Swap "Manageable"
Losses incurred by Cypriot banks from a Greek debt restructuring are "manageable" and Cyprus is ready to support its lenders, if needed, European Central Bank governing council member Athanassios Orphanides said Thursday.
Orphanides, who is also the governor of the...