Don’t cheer Greece’s bailout exit just yet
By Paul Wallace FOR once Europe has an exit to celebrate rather than dread. On Monday, more than eight years after its first euro zone...
bailout programme
Georgiades says under ‘unbearable pressure’ to spend in public sector
Finance Minister Harris Georgiades on Sunday urged MPs to up vote the bill on the state payroll otherwise, sooner or later, the country would find...
Fin Min urges parliament to approve key privatisation bill
Finance Minister Harris Georgiades urged parliament on Thursday to approve a bill on the privatisation of state telecoms company CyTA, thus meeting the conditions set...
Greek judge appointed caretaker PM ahead of elections
By Renee Maltezou and Deepa Babington Greece’s top Supreme Court judge was sworn in as caretaker prime minister on Thursday to lead the country to...
Europe moves to restore funding to Greece after bailout vote (Update 3)
By Lefteris Karagiannopoulos and George Georgiopoulos Europe moved to re-open funding to Greece’s stricken economy on Thursday, hours after a fractious Greek parliament approved a...
Greek banks could be solvent for days after default (Updated)
Greece’s banks might not be declared insolvent for several days after a default, a European Central Bank supervisor said, offering the prospect of some temporary...
Greece willing to compromise with EU/IMF – government
By Renee Maltezou and George Georgiopoulos Greece is willing to compromise to reach a deal with its EU/IMF creditors that is acceptable to both sides...
MPs focus on logistics of foreclosure sales
By Elias Hazou MPS ON Monday continued discussion of the regulations governing the auctioning of properties in foreclosure, with the aim of voting them into...
Greek PM says wants “honest compromise” but not at any cost
By Lefteris Papadimas and Renee Maltezou Prime Minister Alexis Tsipras appealed for an “honest compromise” with lenders but warned Greece would not agree to an...
Greek government denies finance minister Varoufakis to resign
By Deepa Babington Greece’s outspoken Finance Minister Yanis Varoufakis is not planning to resign, two Greek government officials said on Friday, denying a report in...
Greece promises list of reforms by Monday to unlock cash
By George Georgiopoulos and Angeliki Koutantou Greece said it will present a package of reforms to its euro zone partners by next Monday in hope...
Greek PM Tsipras says there is no going back to austerity
By George Georgiopoulos Greece will not accept any return to austerity, leftist Prime Minister Alexis Tsipras said on Monday, adding that he was convinced he...
Parties wary want answers after Lagarde comments
By Jean Christou POLITICAL parties have called on the government to clarify what additional measures IMF chief Christine Lagarde was referring to in an interview...
Rejection of SGO sell-off throws next aid tranche into doubt
By Elias Hazou PARLIAMENT on Thursday failed to adopt a controversial privatisation plan, potentially throwing into disarray an international bailout programme of the island and...
Bad loans remain an issue for troika
By Elias Hazou THE restructuring of Cypriot banks, fiscal discipline and a lower-than-anticipated contraction of Gross Domestic Product may have somewhat improved the country’s economic...
Loan arrears reach €19 billion
By Jean Christou EU AND IMF experts on Monday warned that restructuring of loans by Cypriot lenders was an “absolutely critical component” to the success...
January to August fiscal deficit within bailout targets
CYPRUS’ fiscal deficit in the first eight months of the year was 2.05 per cent of GDP, finance ministry figures showed, down from 3.03 per...
CBC boss says he never wanted resolution powers
By Elias Hazou A BILL going to the House plenum tomorrow seeks to limit the powers of the Central Bank in the latter’s capacity as...
Warnings amid the troika praise
By Poly Pantelides CYPRUS’ recovery programme is on track, the island’s international lenders have said following the completion of the EU/IMF’s first mission to Cyprus...