Cyprus' president on Thursday defended his government's decision to seek financial aid from the island nation's eurozone partners while at the same time asking for a loan from Russia, insisting ...

Topics:  russia   eu   loan   cyprus president   
BING NEWS:
  • Is Cyprus More Important Than You Think?
    They may be proved wrong. Firstly ... the structure of the package merely expose the EU’s politically expedient hypocrisy. The EU and especially Germany wants to prevent any bailout funds flowing to Russian depositors, such as oligarchs or organised.
    04/7/2013 - 1:00 pm | View Link
  • 'Thieves': Russia savages EU after Cyprus gets £8.5billion bailout deal which could see richest investors losing 40% of savings
    A spokesman for Russian President Vladimir Putin says the president has asked the government to restructure a 2.5 billion euro ($3.2 billion) loan to the country. Cyprus ... approve the bailout deal, which might take another few weeks. EU officials said ...
    03/24/2013 - 3:04 pm | View Link
  • Next moves for Cyprus?
    “The ball is now really in Cyprus’s court,” Eurogroup President ... of a bailout from the EU, raising the risk of default and a bank crash. Cypriot Finance Minister Michael Sarris said he had not reached a deal at a first meeting with his Russian ...
    03/20/2013 - 3:42 am | View Link
  • Two Cheers for Cyprus
    A group of demonstrators hold an anti-bailout rally ... size of its economy, Cyprus has an enormous banking sector swelled with the deposits of wealthy foreigners, mostly Russians. Is it wrong to assume that Russian millionaires seeking offshore banking ...
    03/18/2013 - 11:01 am | View Link
  • EU Chiefs Seeking to Stave Off Euro Crisis Turn to Cyprus
    “It would be wrong at this point ... who took over as Cyprus’s president on Feb. 28, will attend his first EU summit meeting this week. Over the weekend he said proposals to impose losses on depositors as part of a bailout package are “out of the ...
    03/10/2013 - 5:00 pm | View Link
  • Cyprus: EU bailout, Russian loan compatible
    Dimitris Christofias said he sees nothing wrong with simultaneously pursuing ... But the Cypriot president stressed Cyprus would not refuse the European bailout loan if it clinches a Russian loan.
    07/5/2012 - 8:08 am | View Link
  • Cyprus to get bailout from EU, Russia: President
    Cyprus President ... by EU law” and has no strings attached, he said. EurActiv.com reports from Nicosia. “We have asked Russia and the European Union [for a bailout] at the same time,” Christofias said. Christofias said there was “nothing wrong ...
    07/5/2012 - 3:44 am | View Link
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