About: Nicos Anastasides

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EU Priorities 2020 22-05-2013

EP Schulz meets Cypriot president Nicos Anastasiades

After meeting Cypriot president Nicos Anastasiades on Wednesday in Brussels, European Parliament president Martin Schulz said that Europe will continue helping Cyprus through its financial crisis.
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Euro & Finance 02-04-2013

EC on latest developments in Cyprus

Cyprus clinched a last-ditch deal with international lenders on 25 March to shut down its second largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a €10-billion bailout. Under the deal, Cyprus Popular Bank will be closed and its guaranteed deposits of up to €100,000 transferred to the biggest bank, Bank of Cyprus.
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Economy & Jobs 26-03-2013

Cyprus crisis: banks to re-open Thursday, but remain controlled

Amid concerns of a possible bank run, Cyprus is requiring banks to stay closed until Thursday. The Cypriot authorities will also limit access to bank accounts and movement of cash out of the island. It is the first time capital controls are being applied within the euro area and comes after Cyprus sealed a deal with the EU and the IMF on Monday to avoid bankruptcy and a potential euro exit.
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Euro & Finance 22-03-2013

EC on Cyprus’ bailout

Cyprus is rushing a 'plan B' through Parliament in order to secure an international bailout that would prevent a meltdown of its banking system, while the European Central Bank gave the country until Monday to raise billions.
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Economy & Jobs 18-03-2013

Cyprus delays vote on EU bailout, Putin calls plan ‘dangerous’

Cyprus' parliament has delayed a crucial vote until Tuesday about a controversial bailout deal reached by the EU and the IMF at the weekend. The newly-elected center-right president Nicos Anastasiades presented the deal as the only solution possible to avoid bankrapci and is currently seeking support from other political parties to ratify the agreement. He has already promised to soften the conditions for small savers.
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Euro & Finance 18-03-2013

EU bailout for Cyprus approved

Breaking with previous EU practice that depositors' savings are sacrosanct, Cyprus and international lenders agreed at the weekend that savers in the island's outsized banking system would take a hit in return for the offer of €10 billion in aid. The decision to introduce levies on deposits are 9.9% for those exceeding €100,000 and 6.7% on anything below that, according to the bailout agreement, announced on Saturday morning.
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Economy & Jobs 15-03-2013

Cyprus bailout talks keep EU negotiators awake in Brussels

EU and IMF officials worked overnight on a rescue package for Cyprus with the aim of presenting the outline of a bailout programme to eurozone finance experts on Friday (15 March) in Brussels, sources said. Read the full article here: http://www.euractiv.com/euro-finance/cyprus-bailout-talks-keep-eu-neg-news-518535
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Future EU 14-03-2013

Cyprus’ President arrives at the March 2013 EU Summit

An EU summit opening in Brussels today (14 March) is expected to see leaders offer conflicting views on the economy, with France’s Socialist President François Hollande leading calls for Europe to loosen the austerity policies adopted in response to the eurozone debt crisis. Hollande will find an unexpected ally in UK Prime Minister David Cameron, who also backs a more “flexible” approach to debt policing.
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Euro & Finance 05-03-2013

Eurogroup to agree Cyprus bailout by end of March

Eurozone finance ministers pledged on Monday to agree a bailout for Cyprus by the end of March. The total bailout could be up to €17 billion. The Eurogroup said that while Europe is ready to help the island, details on how the potential rescue will be financed are yet to be worked out.