Athens Informer

Three years after Greece signed the EU-IMF memorandum, some questions remain. Here are some answers: a euro exit. With the exception of some IMF officials, none of Greece’s key partners (Germany, France, the European Commission, the European Central… Full News here – Kathimerini English

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Greek Parliament passed on Sunday night a multi-bill, which includes plans for 15,000 civil servants to be dismissed by the end of 2014. The legislation included other reforms, such as the number of instalments debtors to the state will have to pay the ta… … Full News here – Latest News

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Cypriot banks lost 1.8 billion euros ($ 2.4 billion) in deposits in March, when the Mediterranean island agreed to tax bank deposits as part of a European Union-led bailout. Deposits decreased 3.9 percent from February, when they dropped 2.2 percent, Europ… … Full News here – Latest News

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On the day that the International Monetary Fund agreed to participate in a funding package for Cyprus, the crisis-hit country saw the swearing-in of a new finance minister, while Nicosia pledged that it would try to insert a clause in its bailout agreemen… … Full News here – Latest News

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Cyprus yesterday agreed on the terms of its 10-billion-euro bailout with the troika as the country’s Finance Minister Michalis Sarris stepped down pending an investigation into the running of Cyprus Popular Bank (Laiki), where he was previously the… Full News here – Kathimerini English

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A draft bailout agreement between Cyprus and the troika, which was published in the Cypriot daily Phileleftheros on Monday, foresees the exploitation of offshore hydrocarbon deposits as part of an economic reform program aimed at putting the country back … … Full News here – Latest News

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President Nicos Anastasiades is examining the possibility of forming a government of national unity as Cyprus prepared to agree a bailout with the troika that will include tax hikes, wage cuts and job losses. “We are in a state of emergency,” Transport Mi… … Full News here – Latest News

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LONDON (Reuters) – European shares fell yesterday, led lower by financial stocks, as relief over a Cyprus bailout faded after the Dutch finance minister said the stern deal could set a new template for the region. The pan-European FTSEurofirst 300… Full News here – Kathimerini English

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Cypriot President Nicos Anastasiades arrived back in Nicosia Monday to defend a bailout deal with the troika that will see his country’s largest bank restructured and second-largest shut down as part of an overhaul that will cost depositors billions. “We … … Full News here – Latest News

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Cypriot President Nicos Anastasiades arrived back in Nicosia yesterday to defend a bailout deal with the troika that will see his country’s largest bank restructured and second-largest shut down as part of an overhaul that will cost depositors… Full News here – Kathimerini English

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Cyprus, the European Union and the International Monetary Fund reached deal in Brussels in the early hours of Monday morning aimed at preventing the bankruptcy of its main banks and a possible euro exit. “We did not win a battle but we avoided a disastrou… … Full News here – Latest News

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Eurogroup head Jeroen Dijsselbloem and European Commission Vice President Olli Rehn confirmed at a press conference after Monday’s Eurogroup meeting that the eurozone finance ministers had decided to proceed with the inspection of the Cypriot credit syste… … Full News here – Latest News

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Cypriot president-elect Nicos Anastasiades faces weeks of difficult talks with foreign lenders on a financial rescue for the island nation after sweeping to a resounding victory in a run-off election on Sunday. Eight months of inconclusive talks on a bail… … Full News here – Latest News

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Nicos Anastasiades, the front-runner to be Cyprus’s next president, said reaching agreement with Russia on its participation in a financial rescue for Cyprus will be his “first and immediate priority” if he wins on Feb. 24. “My feeling from recent contact… … Full News here – Latest News

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Following is a summary of key facts about Cyprus, which holds the final round of elections for a new president on Feb. 24. The president will be called upon to sign an international bailout agreement aimed at preventing a financial collapse in Cyprus. Nic… … Full News here – Latest News

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