Posts by tag: Thatcher

Archives April 17, 2013 posted by

Our View: CBC Governor has shown he cannot be trusted to take the right decisions

THE PRESIDENT of the European Central Bank Mario Draghi was quick to come to the defence of Cyprus’ Central Bank Governor Panicos Demetriades. In a letter sent to President Nicos Anastasiades, Draghi warned that the Governor could only be dismissed on the grounds specified by EU law and even then the action would have to be reviewed by the EU’s court of justice.  

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Archives April 8, 2013 posted by

"Iron lady" Margaret Thatcher has died

Margaret Thatcher, the “Iron Lady” who dominated British politics for two decades, died on Monday following a stroke, a spokesman for her family said. She was 87.

Britain’s only woman prime minister, the tough, outspoken Thatcher led the Conservatives to three election victories, governing from 1979 to 1990, the longest continuous period in office by a British prime minister since the early 19th century.

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Archives April 8, 2013 posted by

Cyprus remain in Davis Cup Group II despite Baghdatis absence


Cyprus secured Davis Cup Europe/Africa Zone Group II participation in 2014, after Petros Chrysochos defeated Magloire Yakpa 6-1, 6-1, 6-0, to help his side claim a 3-2 victory over Benin on Sunday, at the National Tennis Centre in Nicosia.

“I felt much more pressure than I did on Friday, but fortunately everything went well and we won,” said Chrysochos who turned 17 yesterday.

After winning the doubles on Saturday alongside Rares Cuzdriorean, Baghdatis was advised to pull out of Sunday’s reverse singles as a precaution, having recently been sidelined with a right shoulder injury.

Had he played, Baghdatis would have had the chance to equal Bjorn Borg’s record of 33 successive Davis Cup singles victories. 

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Archives June 29, 2011 posted by

Bond auction reflects failure to tackle economy’s problems

THE GOVERNMENT will today hold a €700 million domestic bond auction to refinance the national debt, opting to avoid markets abroad where the cost of borrowing for Cyprus stands at an all-time high.

The two-year bond is being offered at 4.5 per cent, compared to a 2 per cent coupon offered in a bond issue in January 2010.

“It looks like the government is wary of turning to foreign lenders due to the prohibitive cost of borrowing there,” said economist Simeon Matsis, adding: “They’ve been forced to forage at home.”

A euro-denominated Cypriot 10-year government bond issued to international investors in February 2010 was bid at around 8 per cent on Tuesday – spiking from around 4 per cent a year ago.

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