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Nicos Anastasiades

ECB Says Will Offer Liquidity to Cyprus Despite Deposit Tax Rejection

The European Central Bank (ECB) said on Tuesday it remains committed to providing liquidity within certain limits despite Cypriot lawmakers overwhelmingly rejecting a levy on savers - a key term of the €10 billion proposed bailout. "The ECB takes note of the...

Cyprus Rejects Bank Deposit Tax for EU Bailout, Plan B Coming

The Cypriot Parliament late on March 19, by a vote of 36-0 with 19 abstentions, overwhelmingly rejected a proposal put forth by international lenders and backed by President Nicos Anastasiades to confiscate up to 9.9 percent of bank deposits...

Finance Minister of Cyprus Resigns Over Financial Crisis

Michalis Sarris, the Cypriot Finance Minister, has resigned on Tuesday. Only three weeks into the job and taking the blame for failing to stand up to Eurozone demands to force the confiscation of up to 9.9 percent of Cypriot bank...

Russians Say Cyprus Restructuring Offer Initiated, but Not On Table

The Russian news agency ITAR-TASS says that there is not a restructuring offer for Cyprus on the table, however an offer has been "initiated." Russia's Gazprom has not offered the Republic of Cyprus financial assistance in restructuring the country's banks...

Gazprom Offers Cyprus Restructuring Deal to Avoid EU Bailout

Russian energy giant Gazprom has offered the Republic of Cyprus a plan in which the company will undertake the restructuring of the country's banks in exchange for exploration rights for natural gas in Cyprus'’ exclusive economic zone, local media...

Cyprus Delays Vote On Savings Raid Bailout

Cyprus's Parliament has postponed its decision on whether it will go along with a tax of up to 9.9 percent on the savings of bank account holders as demanded by international lenders in return for a 10 billion euros...

Cyprus' Election Empowers The Politocracy

  For some, the elections in Cyprus have ended in absolute euphoria. For others, it was a dismal disappointment. For better or worse, the people have made their choice and Nicos Anastasiades, the DYSI candidate and a familiar face in...

Cyprus, Greece Want EU Backing On EEZ

After meeting new Cypriot President Nicos Anastasiades in Athens, Greek Prime Minister Antonis Samaras has called on the European Union to support Exclusive Economic Zones (EEZs) that would protect the two countries interest in oil and gas exploration in...

Anastasiades Wins Round One In Cyprus

Right-wing leader Nicos Anastasiades won the Cyprus Presidential election balloting on Feb. 17, but without the 50 percent majority he needed to claim the office outright and will face the Communist-backed Stavros Malas in a run-off. The two were vying...

Anastasiades Opens Lead in Cypriot Race

With Presidential elections closing in on Feb. 17, Cyprus's right-wing opposition leader has widened his lead over his two main challengers, three polls showed, as voters looked for someone who could help right the country's faltering economy after its...