Posts by tag: crisis probe

Archives April 3, 2013 posted by

President’s in-laws say lost €15m in write-down

A COMPANY linked with President Nicos Anastasiades, which the opposition claims transferred millions out of Cyprus after a tip off, said yesterday it would bring back the money under certain conditions.
Both Anastasiades and the company have rejected the allegations, published by Haravghi, the mouthpiece of former ruling party AKEL.
The company, belonging to Anastasiades’ daughter’s parents-in-law, A. Loutsios and Sons Ltd, had never denied transferring €10.5 million to Barclays PLC in London, from its bank accounts in Laiki just days before the Eurogroup decided to raid people’s deposits on March 16.

Read More
Archives April 2, 2013 posted by

OUR VIEW: What do we really have to lose by keeping capital controls in place?

IF THERE is one thing we can say with a large degree of certainty, given how bailout terms and conditions are changing every day, is that the Cyprus we knew has been annihilated.
The two big banks that financed our affluent lifestyle have collapsed, and the Bank of Cyprus, which will be allowed to survive, will be operating under so many restrictions and debilitating debts that it will be unable to fund business activity, let alone growth.

Read More

Archives Calendar

December 2019
M T W T F S S
« Jun    
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

Archives List