Daily Archives: March 8, 2013

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Injury-hit Baghdatis beaten in Indian Wells

HAMPERED by a shoulder injury, Marcos Baghdatis was beaten by German qualifier Daniel Brands 6-0, 7-6(3) in the opening round of the prestigious Indian Wells Masters tournament in the early hours of Friday morning.

“My shoulder has been bothering me for two days. I cannot serve very well and I could not serve today. I could not hit the ball right, push my opponent off. As I said it is an injury that has been bothering me for two days, but today it felt much worse,” said the Cypriot world number 34 who received treatment from the ATP trainer at the end of the first set.

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Government clarifies there will be no haircut

 

THE government yesterday made it clear to international lenders that a haircut on bank deposits was not up for discussion, as the two sides disagree on the matter of debt sustainability.

Nicosia has also rejected an increase in the island’s corporate tax.

The two issues were raised by international lenders during a meeting with President Nicos Anastasiades.

“The President of the Republic reiterated the government’s determination to proceed with the conclusion of the loan agreement as swiftly as possible,” Finance Minister Michalis Sarris said after the meeting. 

At the same time Anastasiades repeated which issues were not up for discussion, the minister said.

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Our View: Only interests served by bank memo leak are CB chief’s own

DEMETRIS Christofias might no longer be president, but the man he appointed as Governor of the Central Bank, Panicos Demetriades appears intent on continuing his work – the destruction of the Cyprus banking sector. There is no other way to explain the leaking of the 11-page memo that Demetriades presented to President Anastasiades about the state of the banking sector.

The main points of the memo, which painted a very bleak picture of the banks’ prospects and stoutly defended the methodology used by Pimco in deciding the level of capital assistance they needed, were published in Wednesday’s Phileleftheros. Given that the Central Bank has leaked information to the paper on several occasions in the past, it is reasonable to deduce it was the source this time as well.

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‘Cyprus has become a colony again’ [with video]

CYPRUS has become a colony once more, this time of Europe, or at least according to the lyrics of a new song by journalist and poet Leonidas Malenis says. 

The song sees Malenis re-unite with singer Stavros Hadjisavvas, who performed the song ‘Welcome Friends To Cyprus’ which was one of the many songs dedicated to Cyprus’ EU presidency.

“The song speaks for itself,” Malenis told the Cyprus Mail. “Through it I tried to describe my grief at becoming a colony once again”.

Malenis said his inspiration came from Brussels. “Our new conquerors in Brussels are the powerful nations led by Germany now, and it so sad to see our island fall victim to these nations that are taking advantage of our current economic problems,” he added.

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German Green wants Cyprus aid tied to peace talks

A LEADER of Germany’s opposition Greens party says Europe should make the Cyprus’ bailout conditional on reviving talks about reunification.

“In the debate about financial help for Cyprus the question of reunification of the island does not figure, regrettably,” Greens joint chairperson Cem Oezdemir, who is of Turkish origin, told Reuters in an interview released yesterday.

“I believe this issue should be on the table as well as the need to reduce the banking sector, fight money laundering and end wage dumping,” he said. It appeared to be the first attempt by a European politician to link a bailout to the dispute.

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Distressed family seeks redress at ECHR

A BRITISH FAMILY are heading to the European Court of Human Rights after the Cyprus justice system dismissed inquest findings that a Paralimni doctor failed to diagnose their daughter’s ectopic pregnancy – which caused her death.

An inquest last year referred the case to the Attorney-general to pursue a criminal investigation after it was established that gross negligence on the part of the doctor and procedures at the clinic contributed to the death of 21-year-old Kalisha Gordon in 2008.

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Tough fight ahead to save CY

THE GOVERNMENT and Cyprus Airways (CY) have a “tough fight ahead” to convince the European Commission of the need to save the national carrier from closure, Communications Minister Tasos Mitsopoulos said yesterday. 

“We are facing a harsh reality and have to give a very tough battle,” Mitsopoulos said following the decision of the European Commission to investigate Cyprus aid to the state-owned airline. 

The minister said the commission feels “misled” by the Cypriot authorities and will need convincing that CY is worth rescuing. 

The commission announced on Wednesday that EU competition regulators have opened an “in-depth investigation” into whether €104 million in state aid granted to CY complies with EU state aid rules.

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