20/03/2013 07:00
The major issues in today’s press are the rejection of the bill on the haircut of deposits by the Parliament and the telephone conversation of President Anastasiades with his Russian counterpart.
The newspaper “Phileleftheros” refers to the rejection of the bill on the haircut of deposits by the Parliament. According to the report, the government is seeking solution via the reserves of the pension and provident funds that reach €3.5 billion or the orderly default of the two large banks. The €5.8 billion will be found either via help by a third country such as Russia or the imposition of a smaller haircut duty on deposits.
The “Economy” inset of the newspaper refers to the embarrassment in Brussels after the Parliament’s decision to reject Eurogroup’s decision for a bank tax. According to the report, Simon O’Connor, Oli Rehn’s spokesman, said that he does not respond to hypothetical scenarios, when asked whether Brussels have a plan b in case that the haircut is rejected.
An EU source stated that the Commission is evaluating the developments.
Other headlines:
- We have to accept an arrangement
- Buchheit: Time is against Cyprus, but…
- Indirect support to Cyprus by the US
- Coop Movement ready for any eventuality
The newspaper “Politis” refers to the counterproposal that the EU expects on how Cyprus will safeguard €5.8 billion after the rejection of the bill by the Parliament. According to the report, after the completion of the House session, the President of the Republic had a telephone conversation with his Russian counterpart, Vladimir Putin. The two parties examined several issues as to the way that Russia will contribute, as well as some exchanges that must be given.
The “Economy” inset of the newspaper reports that the market was numb yesterday. Movement in retail trade was sluggish while consumers paid in cash. Transactions between traders and suppliers were made in cash only.
Other headlines:
- Criticisms against Eurogroup - ETYK
- Haircut a serious mistake – Orphanides’ criticisms against European governments
- Gap between North and South – Crisis in Cyprus shows the problems in EU, according to British media
The “Economy” inset of newspaper “Simerini” refers to the rejection of the bill on the haircut in deposits by the Parliament. According to the report, the government is now seeking ways to find €5.8 billion. The President had a telephone conversation with Vladimir Putin last night, during which they discussed issues of bilateral relations, the financial condition of Cyprus and Eurogroup’s proposals on an exit from the crisis.
Meanwhile, Finance Minister is in Moscow to have contacts with his Russian counterpart. The agenda includes the prospect for the sale of Laiki Bank.
The newspaper also reports that the Central Bank is expected to submit other bills today, which will be more painful and will include the consolidation of the two large banks.
Other headlines:
- They said “no” – New negotiations, foreign media see
- Harmony and understanding in governmental camp
- Cyprus splits Athens
The newspaper “Haravgi” refers to the rejection of the bill by the Parliament yesterday with 36 votes and 19 abstentions. The President of the Republic will hold a meeting with the party leaders today to examine the latest developments.
The “Economy” inset of the newspaper refers to the establishment of the Movement Against Privatizations announced yesterday by head of the temporary organization committee, Themos Demetriou.
Other headlines:
- CTO to Russia
- Haircut a political and economic collapse
- Coops: Interest bearing shares with a possible haircut
- EC – Russia meet for Cyprus
The newspaper “Alithia” refers to the rejection of the bill on the haircut in deposits by the Parliament and the telephone conversation of President Anastasiades with his Russian counterpart.
The “Economy” inset of the newspaper refers to the meeting of the Board of Directors of CCCI, which discussed the developments after Eurogroup’s decision for a haircut in deposits. Its Chairman, Fedias Pilides noted that the aim is to restrict losses further.
Other headlines:
- China – US “common interests”
- Britain: Inflation at 9-month high
- New car sales in EU down 10.5%
- Bell for French competitiveness – OECD
The newspaper “Phileleftheros” refers to the rejection of the bill on the haircut of deposits by the Parliament. According to the report, the government is seeking solution via the reserves of the pension and provident funds that reach €3.5 billion or the orderly default of the two large banks. The €5.8 billion will be found either via help by a third country such as Russia or the imposition of a smaller haircut duty on deposits.
The “Economy” inset of the newspaper refers to the embarrassment in Brussels after the Parliament’s decision to reject Eurogroup’s decision for a bank tax. According to the report, Simon O’Connor, Oli Rehn’s spokesman, said that he does not respond to hypothetical scenarios, when asked whether Brussels have a plan b in case that the haircut is rejected.
An EU source stated that the Commission is evaluating the developments.
Other headlines:
- We have to accept an arrangement
- Buchheit: Time is against Cyprus, but…
- Indirect support to Cyprus by the US
- Coop Movement ready for any eventuality
The newspaper “Politis” refers to the counterproposal that the EU expects on how Cyprus will safeguard €5.8 billion after the rejection of the bill by the Parliament. According to the report, after the completion of the House session, the President of the Republic had a telephone conversation with his Russian counterpart, Vladimir Putin. The two parties examined several issues as to the way that Russia will contribute, as well as some exchanges that must be given.
The “Economy” inset of the newspaper reports that the market was numb yesterday. Movement in retail trade was sluggish while consumers paid in cash. Transactions between traders and suppliers were made in cash only.
Other headlines:
- Criticisms against Eurogroup - ETYK
- Haircut a serious mistake – Orphanides’ criticisms against European governments
- Gap between North and South – Crisis in Cyprus shows the problems in EU, according to British media
The “Economy” inset of newspaper “Simerini” refers to the rejection of the bill on the haircut in deposits by the Parliament. According to the report, the government is now seeking ways to find €5.8 billion. The President had a telephone conversation with Vladimir Putin last night, during which they discussed issues of bilateral relations, the financial condition of Cyprus and Eurogroup’s proposals on an exit from the crisis.
Meanwhile, Finance Minister is in Moscow to have contacts with his Russian counterpart. The agenda includes the prospect for the sale of Laiki Bank.
The newspaper also reports that the Central Bank is expected to submit other bills today, which will be more painful and will include the consolidation of the two large banks.
Other headlines:
- They said “no” – New negotiations, foreign media see
- Harmony and understanding in governmental camp
- Cyprus splits Athens
The newspaper “Haravgi” refers to the rejection of the bill by the Parliament yesterday with 36 votes and 19 abstentions. The President of the Republic will hold a meeting with the party leaders today to examine the latest developments.
The “Economy” inset of the newspaper refers to the establishment of the Movement Against Privatizations announced yesterday by head of the temporary organization committee, Themos Demetriou.
Other headlines:
- CTO to Russia
- Haircut a political and economic collapse
- Coops: Interest bearing shares with a possible haircut
- EC – Russia meet for Cyprus
The newspaper “Alithia” refers to the rejection of the bill on the haircut in deposits by the Parliament and the telephone conversation of President Anastasiades with his Russian counterpart.
The “Economy” inset of the newspaper refers to the meeting of the Board of Directors of CCCI, which discussed the developments after Eurogroup’s decision for a haircut in deposits. Its Chairman, Fedias Pilides noted that the aim is to restrict losses further.
Other headlines:
- China – US “common interests”
- Britain: Inflation at 9-month high
- New car sales in EU down 10.5%
- Bell for French competitiveness – OECD
Related Articles
