Our View: Have we learnt nothing from the disaster of five years ago?
It is five years to the day when President Anastasiades agreed to the bail-in of the Bank of Cyprus’ depositors and shareholders as the Eurogroup...
bail in
Our View: Banks should be covering their own losses, not the state
General secretary of the bank employees’ union Etyk Christos Panayides did not inspire much public sympathy when he was speaking on a morning radio show...
Outgoing Eurogroup head says bail-in was only solution
As the situation shaped out in March 2013, the bail-in of depositors was the only remaining viable solution to save the banking system in Cyprus,...
New furore breaks out over ‘financial disaster’
Right on cue, political parties on Tuesday entered the fray of a political storm – contrived or not – triggered by the remarks of former...
Swedish arbitration court rejects complaints over 2013 bail-in
A Swedish arbitration court rejected on Tuesday an appeal filed by two bailed-in investors from Poland against the Republic of Cyprus seeking compensation for losses...
BoC fighting to restore health
By Stelios Orphanides Bank of Cyprus, the island’s largest lender, is on Tuesday holding its annual general meeting after undergoing an unprecedented transformation over the...
Bondholders say that without dynamic actions ‘we will not win our fight’
Bondholders who lost money during Cyprus’ banking crisis said on Sunday they would step up measures for compensation but called off a mass protest planned...
European Court of Justice reaffirms ‘no’ to Cypriot bail-in claimants
The European Court of Justice on Tuesday upheld a previous judgement that dismissed actions calling for the annulment of a March 2013 decision to seize...
Growth in civil service gains pace
Growth in the public sector has gained pace in 2015 as the hiring of employees increased in contrast to the declining number of retirements, the...
The Cyprus bail-in & policy lessons, a book by Orphanides & Michaelides
The auditorium at Journalist House in which “The Cyprus Bail-in: Policy Lessons from the Cyprus Economic Crisis,” on how Cyprus was led to the banking crisis...
