NICOSIA (Reuters) – Cyprus will lift all capital controls on Monday and President Nicos Anastasiades voiced confidence that its banking system, forced into a chaotic bailout in 2013, is now immune to the crisis in neighboring Greece.
The Mediterranean island nation became the first and, to date, the only euro zone country to impose capital controls, when its banking system imploded in 2013 and depositors pulled out their funds.
NICOSIA (Reuters) – Turkish Cypriot football officials on Monday vowed to press ahead with attempts to reunite with the Cyprus Football Association, (CFA), triggering a political storm on the ethnically-split island.
In a controversy running to the heart of the highly-charged division of Cyprus, the Cyprus Turkish Football Association (CTFA) told football governing body FIFA on Monday they had launched a process to eventually become a member of the Greek Cypriot CFA.
NICOSIA, March 30 (Reuters) – Turkish Cypriot soccer officials on Monday vowed to press ahead with attempts to reunite with the Cyprus Football Association, (CFA), triggering a political storm on the ethnically-split island.
In a controversy running to the heart of the highly-charged division of Cyprus, the Cyprus Turkish Football Association (CTFA) told soccer governing body FIFA on Monday they had launched a process to eventually become a member of the Greek Cypriot CFA.
NICOSIA (Reuters) – Cypriot politicians called on the central bank governor on Friday to resign, accusing her of a conflict of interest, days after a media leak, which many believe came from the central bank, listed members of parliament who owe millions in loan arrears.
Central Bank Governor Chrystalla Georghadji has been fending off accusations for weeks about her estranged husband’s role in a legal dispute about a bank forced to wind down as part of Cyprus’s 2013 financial bailout.
NICOSIA, March 11 (Reuters) – Doubts over Greece’s future
membership of the euro are straining its historic kinship with
Cyprus, as Nicosia distances itself from Athens to try to secure
its foothold in the currency bloc.
Cyprus wants to reverse a perception that the two countries
are inextricably linked, worried that it could be dragged down
with Greece, should Athens’ finances collapse and force the
Greeks to abandon the euro.
NICOSIA, March 5 (Reuters) – Cyprus hopes to borrow on
financial markets this year, its finance minister told Reuters
on Thursday, saying the island’s economy had more in common with
bailout turnaround Ireland than Greece.
Harris Georgiades said Ireland, which reformed after near
bankruptcy, was a role model as Cyprus climbs out of recession
and prepares to borrow on markets ahead of the end of its
reform-for-aid programme in the middle of next year.
NICOSIA (Reuters) – Cyprus will stick to its reform pledges, the country’s president told the head of the European Central Bank on Wednesday, promising to implement insolvency laws that he hopes will allow the island to benefit from a trillion-euro-plus programme to buy sovereign bonds.
At a meeting on the Mediterranean island, Nicos Anastasiades personally made the case to ECB President Mario Draghi for Cyprus to take part in the ECB’s quantitative easing programme, a person familiar with the talks told Reuters.
NICOSIA, March 4 (Reuters) – Cyprus is committed to the
terms of its bailout programme, its president said on Wednesday,
stating the island would recover economically this year and post
modest growth in 2016.
In remarks to an audience including members of the European
Central Bank’s decision-making Governing Council and President
Mario Draghi, Nicos Anastasiades said the island was already
showing ‘tangible’ results in its reform programme.
NICOSIA/LONDON (Reuters) – Greece sought to reassure international investors on Monday that it was not in a Wild West-style standoff with European partners over a new debt agreement, although sparring partner Germany gave no ground after a tough first week.
Spurning neckties, new Prime Minister Alexis Tsipras and his pugnacious finance minister Yanis Varoufakis are touring European capitals in a diplomatic offensive to replace Greece’s bailout accord with the European Union, European Central Bank (ECB) and International Monetary Fund, known as the “troika”.
NICOSIA/LONDON, Feb 2 (Reuters) – Greek Prime Minister
Alexis Tsipras ruled out seeking aid from Russia and said on
Monday he would pursue negotiations for a new debt agreement
with European partners, but saw little sign of compromise from
Tsipras and his finance minister Yanis Varoufakis are
touring European capitals this week in a diplomatic offensive to
replace Greece’s bailout accord with the European Union,
European Central Bank and International Monetary Fund “troika”.