Posts tagged with "letter"

Our View: Mindless leak of president’s letter has damaged confidence Opinion

Our View: Mindless leak of president’s letter has damaged confidence

June 16th, 20133442 PRESIDENT Anastasiades came to power at the most difficult time in Cyprus’ history since 1974. Two weeks after he took office he was in Brussels to discuss the bailout and was forced to accept a haircut of all bank deposits. But the legislature refused to approve this and 10 days later the Eurogroup and the troika imposed much tougher...
‘Playing PR games with the troika could backfire’ Business

‘Playing PR games with the troika could backfire’

June 14th, 20131448 By Stefanos Evripidou THE GOVERNMENT’S efforts to apply pressure on the troika to stop the downward spiral of Cyprus’ banking system could backfire, warned one economist, as confidence in the banks took another battering following the leak of a letter to international lenders, warning of the serious dangers facing the...
Our View: Anastasiades letter was correct but should not have been made public Opinion

Our View: Anastasiades letter was correct but should not have been made public

June 13th, 20131375 PRESIDENT Anastasiades’ decision to send a letter to the heads of the IMF, ECB and the European Commission, appealing to them to change the terms of the MoU in order to save the Bank of Cyprus was the correct one. It was a desperate move, but the bank is in a desperate situation and it is increasingly looking like it would not be able...
Political parties welcome president’s letter Cyprus

Political parties welcome president’s letter

June 13th, 20131240 By George Psyllides PARTIES, including the opposition, yesterday welcomed a letter written by President Nicos Anastasiades to the island’s lenders, criticising the terms of the bailout which forced massive losses on bank deposits, and accusing them that the support they had displayed to Greece was absent in the case of...
Anastasiades criticises bailout terms Business

Anastasiades criticises bailout terms

June 12th, 20132085 President Nicos Anastasiades has launched scathing criticism over the terms of an international bailout which forced massive losses on bank deposits, saying the support lenders displayed to Greece was absent in the case of Cyprus. Cyprus, one of the smallest economies in the eurozone, was forced to wind down one bank, and seize...
President leaves for Paris meetings Cyprus

President leaves for Paris meetings

June 12th, 20131495 By Poly Pantelides PRESIDENT Nicos Anastasiades travelled to Paris yesterday to meet with his French counterpart Francois Hollande and hold a series of meetings with stakeholders, including Total’s CEO. Anastasiades will be flanked by the Cyprus ambassador in France, his foreign minister, the government spokesman and other state...
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