Michele's Feed
Mar 11, 2014

Anti-corruption chief appointed to head Cyprus central bank

NICOSIA, March 11 (Reuters) – Cyprus’s auditor general was
appointed on Tuesday to head the island’s central bank,
replacing an academic who quit amid acrimony with the government
over a chaotic international bailout last year.

Chrystalla Georghadji, whose hard-hitting annual reports on
lapses in public administration have been the bane of several
governments, takes up her post on April 11, after outgoing
governor Panicos Demetriades works out his notice.

Mar 10, 2014

Cyprus central bank head who led Cyprus through bailout quits

NICOSIA (Reuters) – Cypriot Central Bank governor Panicos Demetriades, whose testy relations with the island’s government dogged a tumultuous tenure when Cyprus teetered on the brink of bankruptcy, resigned on Monday.

President Nicos Anastasiades, who had been pressing for Demetriades’s departure ever since last year’s banking collapse and international bailout, accepted his resignation, an official statement said. Demetriades will work out his notice until April 10.

Mar 10, 2014

Cyprus central bank governor resigns

NICOSIA (Reuters) – Cypriot Central Bank governor Panicos Demetriades, whose testy relations with island’s government dogged a tumultuous tenure when Cyprus teetered on the brink of bankruptcy, resigned on Monday.

Demetriades’s resignation was accepted by President Nicos Anastasiades, an official statement from the Cypriot presidency said. Demetriades will work out his notice until April 10.

Feb 28, 2014

Cyprus faces fresh bailout uncertainty after privatization vote

NICOSIA (Reuters) – Cyprus re-submitted a controversial privatization law to parliament on Friday in a last-ditch attempt to win support from fractious lawmakers threatening to derail its international bailout program.

The island’s opposition-dominated parliament threw out a proposed roadmap for the sale of state assets on Thursday. The ‘No’ vote raises the risk the island will be plunged back into fiscal turmoil just a year after the 10 billion euro lifeline from the European Union and IMF pulled it back from the brink of default.

Feb 27, 2014

Cyprus parliament rejects state sell-offs required for aid

NICOSIA (Reuters) – International aid to cash-starved Cyprus was thrown into turmoil on Thursday after its parliament rejected a privatization plan, throwing into disarray the disbursement of a new tranche of financial assistance next month.

The rejection dealt an unexpected setback to an administration that has gained plaudits in three reviews from its borrowers, the International Monetary Fund and the European Union, for meeting bailout commitments.

Feb 24, 2014

Cyprus electricity workers clash with police in selloff protest

NICOSIA Feb 24 (Reuters) – Workers at Cyprus’s state
electricity utility clashed with police in a rare explosion of
anger on Monday over government privatisation plans under a 10
billion euro international bailout.

In a rowdy protest at parliament, around 300 to 400
demonstrators burst through police barricades in central Nicosia
while lawmakers were debating provisions of a privatisation law
with the island’s finance minister.

Feb 11, 2014

Leaders of divided Cyprus resolve new try at power-sharing deal

NICOSIA (Reuters) – Leaders of ethnically split Cyprus agreed to press anew to forge a system of power sharing on Tuesday to end a bitter and long-running conflict that is frustrating Turkey’s hopes of joining the EU and complicating its relations with Greece.

Representatives of the island’s two largest ethnic groups, Greeks and Turks, said they would relaunch talks to create a two-zone federation reuniting the island, which has been split for decades.

Feb 11, 2014

Cyprus leaders determined to resume talks: U.N.

NICOSIA (Reuters) – Leaders of ethnically split Cyprus agreed to work towards a new system of power sharing on Tuesday, in a bid to end a bitter and long-running conflict frustrating Turkey’s hopes of joining the EU and complicating its relations with Greece.

Representatives of the island’s two largest ethnic groups, Greeks and Turks, said they would seek to forge a two-zone federation reuniting the island, which has been split for decades.

Feb 10, 2014

Cyprus peace talks to resume seeking end to bitter conflict

NICOSIA (Reuters) – Peace talks resume in divided Cyprus on Tuesday in a fresh attempt to end one of Europe’s most enduring conflicts and a decades-old obstacle to Turkey’s hopes of joining the European Union.

Leaders of the island’s rival Greeks and Turks are due to meet in no-mans-land, at an airport compound in the capital Nicosia that was abandoned in past fighting and is now used as a base for the United Nations peacekeeping force. It will be their first formal encounter for almost 18 months.

Dec 14, 2013

Task force gathers for Syria chemical weapons pickup

LIMASSOL, Cyprus Dec 14 (Reuters) – A Danish-led task force
was being readied in Cyprus on Saturday to remove the first part
of Syria’s deadly chemical stockpile, due before the end of this
year.

Under a deal worked out between the United States and
Russia, Syria will relinquish control of deadly toxins which can
be used to make sarin, VX gas and other lethal agents.