. By Dr. Jim Leontiades Cyprus International Institute of Management A Euro exit by Cyprus today would bring major costs and hardship, not least in the form of a steep devaluation. There is also the matter of a small country attempting to go it alone. These are both key considerations which rule out a Euro
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. Marcuard's Market update by GaveKal Research The Cahuzac affair in France has conveniently emerged just as the search for possible scapegoats to Europe’s quandary was intensifying. Thanks to the former French budget minister’s secret Swiss bank account, Europe can now move from its war against finance (Hollande declaring that finance was his enemy, the
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. By Andrestinos Papadopoulos, Ambassador ah. The visit of Foreign Minister Ioannis Kasoulides and Minister of Commerce, Industry and Tourism, George Lakkotripis to Israel was preparatory to President Nicos Anastasiades’ visit scheduled for May 6-7. It took place, however, within a particular climate, characterised by two important events affecting Cyprus-Israeli relations – the attempted rapprochement
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. By George Mouskides The majority of property owners in Cyprus belong to the middle class. Civil servants, bank employees, those in the semi-governmental sector and mid-size businesses make up most of the owners, while major property owners are only a very small percentage of the population. Despite all this, the state, unfortunately, is placing
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. The ink on President Anastasiades’ declaration for growth and jobs announced last Friday has hardly dried and it has already given rise to concerns that some of these proposals will not meet the required targets. Perhaps, the plan’s weakness lies in its initial focus on only some areas: to support vulnerable groups, train unemployed
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Playing his first clay-court singles match of the season, Cyprus tennis ace Marcos Baghdatis was beaten Tuesday by qualifier Evgeny Korolev 7-5, 7-6 in the first round of the BMW Open in Munich, Germany. “I hadn’t played a match for a long time because of my [shoulder] injury and it was my first match on
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The 10 bln euro bailout agreement scraped through parliament in a razor-thin vote Tuesday, with Cyprus narrowly escaping default in the most trying 40 days of its recent history. MPs from the ruling coalition of the Democratic Rally (DISY) and the Democratic Party (DIKO) pipped the populist anti-bailout alliance of the communist Akel, socialist Edek
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A Euro exit would pose deadly risks for Cyprus both financially and politically, a group of 23 economists and academics said Tuesday, in a document outlining six reasons to avoid a return to the Cyprus pound. "An exit from the euro entails a deadly risk both financially and economically," the document said, as the government
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U.S. stocks were largely flat on Tuesday as investors found little reason to extend a recent rally that put the S&P 500 within a point of an all-time intraday high, though technology shares lifted the Nasdaq. Markets fluctuated between slight gains and losses, with the S&P on track for its six straight month of gains.
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Mexico's Congress on Tuesday gave overwhelming final approval to an expansive overhaul of the telecommunications sector, which aims to boost competition in the industry and tame the likes of billionaire Carlos Slim and broadcaster Televisa. The bill encourages more foreign investment in the telecoms industry and gives regulators the power to stop companies from controlling
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