They won’t be on their own there then ! the island is making ” relatively good progress” EU Commission sources on Rtrs/Bbg The key challenge is getting a handle on the non-performing loan issue. Right now NPLs are exceeding 50% … Continue reading
Confidence in the EU economy is improving Economic recovery is still fragile EC president Jose Manuel Barroso speaking in Strasbourg via Bloomers
The IMF has approved a €84m disbursement for Cyprus. Anyone miss the crisis? The jibber-jabbering from the politicians was painful but the moves in the market were great.
Up from the €500m expected and the rate is confirmed below 5% They had €1.9bn in interest earlier.
Another bailout country joins Greece, Ireland and Portugal in testing the bond market waters and the interest is still high for government bonds from troubled countries. When the book opened today it received €1.5bn in interest and that’s now nearer … Continue reading
After Ireland, Portugal and Greece had successful auctions in the market Cyprus are looking to try their hand as well. Last month they privately issued €100m at 6.5% and now they want to have a crack in the full market. … Continue reading
Just hunting around for reasons behind the euro move and there were some inflation figures out earlier that aren’t looking too rosy. Denmark HICP fell to 0.3% from 0.5% y/y (CPI 0.5% vs 0.7% prior) Holland HICP 0.1% vs 0.6% … Continue reading
They are also suing the European Commission amongst four lawsuits demanding compensation after losing deposits in Bank of Cyprus and the Cyprus popular bank. The suits say that the ECB and EC; “deprived the savers of their money and manifestly … Continue reading
Says US attaches value to cooperation with Cyprus Must be united in the face of Russian opposition Cypriots should be united in bizonal federation US won’t impose a solution in Cyprus US to build strategic partnership with Cyprus I bet … Continue reading
A Swiss court ordered a Russian oligarch pay more than $4 billion after a divorce from his wife. She will become one of the world’s richest women if she collects the settlement. For perspective, Oprah Winfrey’s wealth is estimated at … Continue reading