Nicos Anastasiades
Cyprus
Stournaras: Greek Lender Starts Acquiring Local Cypriot Operations
Greece's Finance Ministry said Friday that a Greek bank will immediately start acquiring the local operations of Cypriot banks in close cooperation with the island's central bank.
"With this development, Greece is shielded (from the Cyprus crisis) as the total...
Cyprus
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
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...
Cyprus
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...
Cyprus
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...
Cyprus
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
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
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
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...
Cyprus
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...