21/03/2013 07:14
The major issue in today’s press is the new bill prepared by the government for the establishment of an Investment Fund that everyone will participate.
The newspaper “Phileleftheros” refers to the Council of Ministers’ meeting yesterday for the new bill prepared by the government on the establishment of a fund with the reserves of the pension and provident funds, contributions and other resources that will be accepted by organized groups and citizens. The bill will be discussed at today’s meeting of the party leaders with the President of the Republic.
Besides, the government is seeking consensus of the political forces and the organized groups in a last-minute effort to achieve unanimity for the promotion of the bill covering the sum of €5.8 billion to the Parliament.
The “Economy” inset of the newspaper refers to the tough stance of the European Commission and the ECB in cooperation with Berlin and the IMF in Nicosia’s efforts to find €5.8 billion. According to the report, they insist that the amount that Cyprus must find is €5.8 billion. The concentration of this sum must not lead to a public debt increase and Cyprus’s lending by the troika will not exceed €10 billion.
Other headlines:
- Crisis in Cyprus might be contagious
- Germans started looking for clients from Cyprus
- Companies’ Superintendent’s Department examined by Moneyval
The “Economy” inset of newspaper “Politis” refers to the bill prepared by the government for the establishment of an Investment Fund, in which everybody will be called to participate. According to the report, it will include the pension and provident funds, state assets, Church assets, the CB gold and contributions. The political leaders will be informed on the bill by the President today since all impediments with the bailout program must be completed by Tuesday.
“Politis” also reports that Brussels sources warned the government yesterday that the main condition for the partners’ proposal for assistance of €10 billion to be valid is the banking sector to change radically so that it is sustainable.
Other headlines:
- Race for survival
- Involvement in natural gas – Proposal from Austria
- Russians want their own “memorandum”
- Americans watch – No concerns
The “Economy” inset of newspaper “Simerini” refers to the new bill for the establishment of an Investment Fund associated with the natural gas revenues. All citizens, legal persons, provident and pension funds and the Church will be called to contribute with the exchange of bonds associated with the natural gas.
The newspaper also refers to the criticisms of the Russian Prime Minister on the way that the Cyprus crisis is handled by the EU.
Other headlines:
- They want military facilities – Russian wants presence comparable with that of Germany in Cyprus
- Appeal for intervention of the Pope to Merkel
- Examining companies for laundering – They want to learn everything about their registration and operation
- Tough poker in Moscow
The “Economy” inset of newspaper “Haravgi” reports that according to the “Voice of Germany”, the planned haircut on deposits in Cyprus provoked the indignation of the Kremlin and the Russian oligarchs, who are called to contribute in the survival of Cyprus.
“Haravgi” also highlights that the Cypriot government is left exposed by the European Commission since in an official announcement released yesterday, it is stressed that it was the government’s position to cut deposits below €100 thousand.
Other headlines:
- What does the Turkish press say?
- Public utility organizations to remain to the states
- Pimco reduced investments in euros
- Foreign depositors must be protected
The newspaper “Alithia” refers to the bill prepared by the government for the establishment of an Investment Fund, in which everyone will be called to participate voluntarily so as to cover the sum of €5.8 billion from own resources.
The “Economy” inset of the newspaper reports that according to Chairman of Paphos CCI, Giorgos Leptos, there is a need of a coordinated effort to secure the name of the Republic as a safe banking center.
Other headlines:
- Protests in London for budget cuts
- Rich Germans invest in Panama
- Appeal of Iranian bank against sanctions
- Increase in the number of unemployed in Britain
The newspaper “Phileleftheros” refers to the Council of Ministers’ meeting yesterday for the new bill prepared by the government on the establishment of a fund with the reserves of the pension and provident funds, contributions and other resources that will be accepted by organized groups and citizens. The bill will be discussed at today’s meeting of the party leaders with the President of the Republic.
Besides, the government is seeking consensus of the political forces and the organized groups in a last-minute effort to achieve unanimity for the promotion of the bill covering the sum of €5.8 billion to the Parliament.
The “Economy” inset of the newspaper refers to the tough stance of the European Commission and the ECB in cooperation with Berlin and the IMF in Nicosia’s efforts to find €5.8 billion. According to the report, they insist that the amount that Cyprus must find is €5.8 billion. The concentration of this sum must not lead to a public debt increase and Cyprus’s lending by the troika will not exceed €10 billion.
Other headlines:
- Crisis in Cyprus might be contagious
- Germans started looking for clients from Cyprus
- Companies’ Superintendent’s Department examined by Moneyval
The “Economy” inset of newspaper “Politis” refers to the bill prepared by the government for the establishment of an Investment Fund, in which everybody will be called to participate. According to the report, it will include the pension and provident funds, state assets, Church assets, the CB gold and contributions. The political leaders will be informed on the bill by the President today since all impediments with the bailout program must be completed by Tuesday.
“Politis” also reports that Brussels sources warned the government yesterday that the main condition for the partners’ proposal for assistance of €10 billion to be valid is the banking sector to change radically so that it is sustainable.
Other headlines:
- Race for survival
- Involvement in natural gas – Proposal from Austria
- Russians want their own “memorandum”
- Americans watch – No concerns
The “Economy” inset of newspaper “Simerini” refers to the new bill for the establishment of an Investment Fund associated with the natural gas revenues. All citizens, legal persons, provident and pension funds and the Church will be called to contribute with the exchange of bonds associated with the natural gas.
The newspaper also refers to the criticisms of the Russian Prime Minister on the way that the Cyprus crisis is handled by the EU.
Other headlines:
- They want military facilities – Russian wants presence comparable with that of Germany in Cyprus
- Appeal for intervention of the Pope to Merkel
- Examining companies for laundering – They want to learn everything about their registration and operation
- Tough poker in Moscow
The “Economy” inset of newspaper “Haravgi” reports that according to the “Voice of Germany”, the planned haircut on deposits in Cyprus provoked the indignation of the Kremlin and the Russian oligarchs, who are called to contribute in the survival of Cyprus.
“Haravgi” also highlights that the Cypriot government is left exposed by the European Commission since in an official announcement released yesterday, it is stressed that it was the government’s position to cut deposits below €100 thousand.
Other headlines:
- What does the Turkish press say?
- Public utility organizations to remain to the states
- Pimco reduced investments in euros
- Foreign depositors must be protected
The newspaper “Alithia” refers to the bill prepared by the government for the establishment of an Investment Fund, in which everyone will be called to participate voluntarily so as to cover the sum of €5.8 billion from own resources.
The “Economy” inset of the newspaper reports that according to Chairman of Paphos CCI, Giorgos Leptos, there is a need of a coordinated effort to secure the name of the Republic as a safe banking center.
Other headlines:
- Protests in London for budget cuts
- Rich Germans invest in Panama
- Appeal of Iranian bank against sanctions
- Increase in the number of unemployed in Britain
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