Browse through our Interesting Nodes of Hellenic Student Societies Worldwide A)? GHT="50">
Compact version
Today's Suggestion
Read The "Macedonian Question" (by Maria Nystazopoulou-Pelekidou)
HomeAbout HR-NetNewsWeb SitesDocumentsOnline HelpUsage InformationContact us
Friday, 22 March 2019
 
News
  Latest News (All)
     From Greece
     From Cyprus
     From Europe
     From Balkans
     From Turkey
     From USA
  Announcements
  World Press
  News Archives
Web Sites
  Hosted
  Mirrored
  Interesting Nodes
Documents
  Special Topics
  Treaties, Conventions
  Constitutions
  U.S. Agencies
  Cyprus Problem
  Other
Services
  Personal NewsPaper
  Greek Fonts
  Tools
  F.A.Q.
 

Cyprus News Agency: News in English, 13-04-20

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] Cyprus continues to embrace the European ideal, House President says

  • [01] Cyprus continues to embrace the European ideal, House President says

    Cyprus will continue to embrace the European ideas, despite "agonizing" solutions and measures imposed as a result of a decision by Eurogroup for the restructuring of the island`s banking sector in the context of a €10 billion financial assistance to Cyprus, Cyprus House President Yiannakis Omirou has said. The Euro area Finance Ministers decided on March 25 to approve a €10 billion bailout to Cyprus, coupled with the winding down of the island`s second largest lender, Cyprus Popular Bank, and the restructuring of the largest bank, Bank of Cyprus, whose uninsured depositors (above €100.000) may take losses up to 60%.

    "Being at a critical juncture in Cyprus' contemporary history, we are confronted with the dire consequences of policies that were in fact imposed on us and undermine social cohesion. We are saddened by the lack of solidarity towards the Republic of Cyprus, since solidarity is one of the fundamental principles of the European Union," said Omirou addressing the 2013 CIM Marketing Summit.

    The House President rejected claims that Cyprus has been neither a money-laundering hub nor a tax haven, noting that this is confirmed by many reports, both pre and post-EU accession from internationally recognized organizations. "The people of Cyprus aspire not only to overcome their financial losses within the next few years, but also to heal social wounds from such a disruption to their economic stability," he noted.


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
    Back to Top
    Copyright 1995-2016 HR-Net (Hellenic Resources Network). An HRI Project.
    All Rights Reserved.

    HTML by the HR-Net Group / Hellenic Resources Institute, Inc.
    cna2html v2.01 run on Saturday, 20 April 2013 - 12:39:07 UTC