25/05/2012 07:37
The major issue in today’s financial press is the press conference of Cyprus Popular Bank yesterday.
The “Economy” inset of newspaper “Phileleftheros” refers to the press conference of Cyprus Popular Bank yesterday. According to the report, certain investigations will be conducted for the handlings of the previous administration in relation to the bank’s exposure to Greek bonds, possibly after its recapitalization. Chairman of the Group, Michalis Sarris said that the Board of Directors had not approved in advance the bank’s investment in Greek bonds.
Elsewhere the newspaper refers to the Annual General Meeting of OEB and its proposals for the economy.
Other headlines:
- Anastasiades found Juncker’s understanding
- Bouloutas: BoD was aware of the bonds
- Unemployment the big problem in EU27
- European measures for the strengthening of youth employment
The “Economy” inset of newspaper “Politis” refers to the press conference of Cyprus Popular Bank yesterday. The Management said that Greece’s inability to form a government was a catalyst that led CPB to ask for state support and ensured the taxpayers and the depositors that the bank has stable present and promising future.
“Politis” also reports that French President, Francoise Hollande proposed a change in the way banks are supported.
Other headlines:
- European Commission vindicated – It said that certain charges of MasterCard back in 2007 put obstacles to competition
- CSE sharply down
- ASE: 25 years back
The “Economy” inset of newspaper “Simerini” refers to the press conference o9f Cyprus Popular Bank yesterday. The statements of Chairman and CEO, Michalis Sarris and Christos Stylianides respectively that the great exposure to Greek bonds had not been approved by the Board of Directors of the bank have aroused strong feelings to previous Management.
After the press conference, former CEO, Efthimios Bouloutas, in a written statement from Athens, said that the Board of Directors was aware of the purchase of Greek bonds.
The newspaper also highlights that Communications Ministry complained that certain airlines and tourist agents advertise and offer hotel reservations to illegal hotels in the occupied areas via their websites.
Other headlines:
- Bouloutas’ letters on bonds
- Christofias: Investigation for omissions in banking sector
- CSE down
The “Economy” inset of newspaper “Haravgi” refers to the war between the former and current Management of Cyprus Popular Bank on the exposure to Greek bonds.
“Haravgi” also reports that the European Council via a resolution demands the creation of a “European Program of Investments” for new job posts.
Other headlines:
- Commerce Min: Coop must be helper
- N. Silikiotis answers to EPOPAY - SEK
- CSE down
The “Economy” inset of newspaper “Alithia” refers to the Annual General Meeting of OEB. The organization proposed a new development socio-economic model, according to its Chairman, Philios Zachariades.
Elsewhere the newspaper reports that CIPA is 5th among 189 organizations around the world for the excellent information they provide to investors.
Other headlines:
- Measures against youth unemployment
- Dramatic slump of the euro area economy
- Fiat – Mazda alliance
- CSE in negative territory
The “Economy” inset of newspaper “Phileleftheros” refers to the press conference of Cyprus Popular Bank yesterday. According to the report, certain investigations will be conducted for the handlings of the previous administration in relation to the bank’s exposure to Greek bonds, possibly after its recapitalization. Chairman of the Group, Michalis Sarris said that the Board of Directors had not approved in advance the bank’s investment in Greek bonds.
Elsewhere the newspaper refers to the Annual General Meeting of OEB and its proposals for the economy.
Other headlines:
- Anastasiades found Juncker’s understanding
- Bouloutas: BoD was aware of the bonds
- Unemployment the big problem in EU27
- European measures for the strengthening of youth employment
The “Economy” inset of newspaper “Politis” refers to the press conference of Cyprus Popular Bank yesterday. The Management said that Greece’s inability to form a government was a catalyst that led CPB to ask for state support and ensured the taxpayers and the depositors that the bank has stable present and promising future.
“Politis” also reports that French President, Francoise Hollande proposed a change in the way banks are supported.
Other headlines:
- European Commission vindicated – It said that certain charges of MasterCard back in 2007 put obstacles to competition
- CSE sharply down
- ASE: 25 years back
The “Economy” inset of newspaper “Simerini” refers to the press conference o9f Cyprus Popular Bank yesterday. The statements of Chairman and CEO, Michalis Sarris and Christos Stylianides respectively that the great exposure to Greek bonds had not been approved by the Board of Directors of the bank have aroused strong feelings to previous Management.
After the press conference, former CEO, Efthimios Bouloutas, in a written statement from Athens, said that the Board of Directors was aware of the purchase of Greek bonds.
The newspaper also highlights that Communications Ministry complained that certain airlines and tourist agents advertise and offer hotel reservations to illegal hotels in the occupied areas via their websites.
Other headlines:
- Bouloutas’ letters on bonds
- Christofias: Investigation for omissions in banking sector
- CSE down
The “Economy” inset of newspaper “Haravgi” refers to the war between the former and current Management of Cyprus Popular Bank on the exposure to Greek bonds.
“Haravgi” also reports that the European Council via a resolution demands the creation of a “European Program of Investments” for new job posts.
Other headlines:
- Commerce Min: Coop must be helper
- N. Silikiotis answers to EPOPAY - SEK
- CSE down
The “Economy” inset of newspaper “Alithia” refers to the Annual General Meeting of OEB. The organization proposed a new development socio-economic model, according to its Chairman, Philios Zachariades.
Elsewhere the newspaper reports that CIPA is 5th among 189 organizations around the world for the excellent information they provide to investors.
Other headlines:
- Measures against youth unemployment
- Dramatic slump of the euro area economy
- Fiat – Mazda alliance
- CSE in negative territory
Related Articles
