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:
  • Broke Cyprus hopes to ride euro crisis as EU head
    Soviet-educated President Demetris Christofias from the communist AKEL party is still chasing a loan from either Russia or China as insurance against harsh EU bailout terms ... "The credit agencies have got it wrong ... It's stupid economics."
    09/14/2017 - 1:00 pm | View Link
  • EU passports for sale in Cyprus lure rich Russians' cash
    Long known as a hub for offshore Russian finance - and more recently as a focus of investigations into Russian links to President ... the EU mandated that depositors at the two largest lenders chip in to cover almost half of the $20bn bailout.
    05/11/2017 - 12:49 am | View Link
  • Greeks, Turks see glimmer of hope in Cyprus reconciliation
    Cypriot President Nicos ... don’t recognize the EU’s authority in their self-declared republic. Only Turkey has recognized that republic as a sovereign state. Cyprus has also become a tax shelter for Russian oligarchs seeking to stow their wealth ...
    01/22/2017 - 1:13 pm | View Link
  • Cyprus Lifts the Curtain
    The same dynamic holds true with bailout funds. Suppose the EU were to come through with more funds ... And it's not as if depositors at Cypriot banks, many of whom are reported to be Russian citizens seeking tax havens, were not complicit in the risk ...
    03/21/2013 - 2:33 pm | View Link
  • Cyprus scrambles for funding
    Debt-hit Cyprus was scrambling to secure funding vital to an international bailout after MPs rejected the terms of an EU deal, tapping Russia ... he telephoned both German Chancellor Merkel and Russian President Vladimir Putin on Tuesday night after ...
    03/20/2013 - 1:05 pm | View Link
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    17 Sep 2017, 8:51pm Comment: The EU is groaning under the weight of its own contradictions – but it's too proud to change course now
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