Tag Archives: Cyprus

Greeks are deeply stunned and green from envy, to hear the debate inside the Cypriot Parliament during the crucial voting on bank deposits tax. The eurogroup imposed measure for a Cyprus bailout that will be rejected by the Cypriots. Hardly had the discussion started in the Cypriot Parliament on the depositors’ tax …

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Internal borrowing and leaning more to the Russians? Can this be the Plan B Cypriot President Nicos Anastasiades is working out, seeing that he has thin chances to have the Eurogroup imposed bailout accepted by the Parliament? According to Greek finance news website newmoney.gr, Anastasiades does not exclude the option to …

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In a statement on latest developments in Cyprus, Prime Minister Antonis Samaras said on Monday that “Greece has been and is standing by Cyprus at this tough time.” The premier’s statement adds that “Greece is also experiencing a tough time over the past three years. But you must remember: Prosperity …

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The shares of Greek banking sector are under pressure on the Athens Stock Exchange on Tuesday, the first day the ASE opened after the shocking Cyprus bailout proposal. As of 12 o’clock noon, the banking shares were moving at -4.6%, while they were earlier trading at even -5.53%. The General …

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A European Central Bank official on Sunday asked President Anastasiades for a decision on a levy on deposits to be taken today, so that commercial banks open on Tuesday, the Cyprus News Agency has reported. CNA said the request was made as the president was briefing the House Finance Committee …

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Greek banks will absorb the branches of Cypriot banks “Cyprus”, “Laiki” and “Elliniki”, Greek media reported on Saturday, hours after the Eurogroup decided on Cyprus bailout. Citing government and banking sources, Greek and international media report that “Cypriot banks will transfer their Greek units to Greek owners.” The units of …

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The eurogroup decision to violently grab private bank deposits in Cyprus could not but trigger a panic also in Greece. And most probably to the citizens of every economically weak EU country. – My father, 85, came early in the morning shouting, we should withdraw our weak deposit from the …

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Bank depositors will have to finance 60% of  the 10-billion-euro bailout for Cyprus agreed between European Union and International Monetary Fund in Brussels in the early morning hours of Saturday. Eurozone ministers force depositors at Cypriot banks to pay a one time levy to raise  6 billion euros. The so-called “emergency …

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While the Euro Zone still manages to withstand the negative vibrations, the Eurovision is falling apart exactly due to these financial off keys. After Poland and Portugal, Greece and Cyprus plan to opt out of the Eurovision Song Contest in 2013 as well. According to TO VIMA newspaper, government spokesman Simos …

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If the IMF, the EU and the ECB had thought to count thousand by thousand funds of  off-shore companies in Cypriot Banks, they will be deeply disappointed. Real life -and capital – move much faster in times of globalization. Crisis-hit Cyprus aims to secure IMF-EU bailout within the month of October. Who …

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Just a couple of days before setting foot to Athens, Israeli President Simon Peres talked to Greek private broadcaster Mega TV. Shimon Peres stressed the importance of energy cooperation among Israel, Greece and Cyprus and underlined that Turkey has to respect International Law when it comes to recognition of the Exclusive Economic Zone …

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What a disgrace for the euro zone and the European Union leaders! Two of it 17 members, Spain and Cyprus, submitted bailout requests within a single day.  Spain formally asked banking aid of at least 100 billion euro n Monday morning. In the afternoon Cyprus became the last EZ member to …

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Government challenger Alexis Tsipras from left-wing SYRIZA invited the ambassadors of G20 most industrialized states in Athens in order to brief them about the party’s pro-European stance, its programme and main objectives in foreign policy. Based on the central party position that the Memorandum of Understanding leads to the destruction of the …

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 Turkish Anatolia news agency reported of Israel’s plan to deploy commandos to safeguard Israelis, natural gas plant on Cyprus. The news agency cites ‘anonumous source’ in the Greek part of the divided island. ANA estimates that the number of Israeli citizens in the area will rise to 30,000 people. ANA claims further …

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Turkey cannot hide its anger over that Cyprus will take over the EU’s rotating presidency in July 2012. And every once in a while, Ankaras uses all possible chances to express its disapproval. This time it was Turkish president Abdullah Gul who expressed his anger in a delirium: “Greek Cyprus …

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Tension is high around the drilling off shore of Cyprus as the Turkish research vessel Piri Reis has allegedly entered Block 12. Greek newspaper Proto Thema claims that Piri Reis entered the area of Block 12 where US company “Noble Energy” carries out natural gas research. The Piri Reis entered the …

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This morning Greeks were desperately trying to find the exact position of Turkish hydrocarbon research vessel Piri Reis on Marine Traffic.com, the vessel traffic service. On some pc screens the site appeared to be down. However one – or maybe more- were lucky to get a screen shot from the hacked page. …

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Turkey’s hydrocarbon research ship Piri Reis has been Greeks’ nightmare for years. As Piri Reis has the bad habits to perform its research near Greece’s territorial waters, Athens expects another Turkish provocation near the island of Kastelorizo. Friday morning Piri Reis set sail from the port of Izmir for the …

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Greek  Defense Minister Panos Beglitis slammed as ‘unacceptable’ statements by Turkish Prime Minister Recep Tayyip Erdogan, who warned that Ankara will freeze its relations with the European Union, should Cyprus hold the EU presidency without a previous solution of the Cyprus issue. Nicosia is scheduled to lead the rotating EU …

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He is a real gentleman and a diplomat.  Turkish Prime Minister Recep Tayyip Erdogan. He can be charming unless people and nations do not obey his rules. The Islamist Prime Minister of Turkey shows how much he respects the rules of the others. Like the European Union, a club that …

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