Wednesday April 23, 2014 Search
Weather | Athens
23o C
15o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Cyprus aims to avoid Greek-style recession, Christofias says

Cyprus wants to avoid a painful recession like Greece is going through as it continues talks with the European Union and International Monetary Fund on bailout terms, President Demetris Christofias said.

Youve already lived through it but we dont want to live through the same, Christofias said at a meeting with Greek President Karolos Papoulias in Athens on Tuesday, according to an e- mailed transcript.

Christofiass comment came after Papoulias asked about the Cypriot economy and a reporter noted that Greece had already gone through bailout procedures. Clearly we have problems too, Christofias said.

Cyprus on June 25 became the fifth of the euro areas 17 member states to seek external aid. The so-called troika of officials from the EU, European Central Bank and International Monetary Fund is expected to return to the Mediterranean island this month to continue talks on a bailout.

Greece in May 2010 became the first euro-area country to request a bailout. The terms and conditions accompanying the aid have in part contributed to a fifth year of recession.

[Bloomberg]

ekathimerini.com , Tuesday October 2, 2012 (16:50)  
Woman dies after falling off regional ity building
Tunisian sought over employment scam
FBI seeks to identify victims of suspected US child molester who worked abroad, including Greece
Tunnel boring for Thessaloniki metro to resume after two years of inactivity
Greece meets budget target for more debt relief from creditors
Greece met the budget goal set by its euro-area partners as a condition for talks on further debt relief. The government of Prime Minister Antonis Samaras recorded a primary budget surplus, ...
Greece sees 2013 primary budget surplus at 1.5 bln euros, says deputy finance minister
Greece's general government primary surplus last year, as calculated by the country's international lenders, is estimated at 1.5 billion euros ($2.07 billion), Greece's deputy finance minist...
Inside Business
BASKETBALL
Reds and Greens stay alive in Euroleague
Easter and home advantage worked wonders for Panathinaikos and Olympiakos who stayed alive in the Euroleague play-offs beating CSKA and Real Madrid respectively on Monday in Greece. Shak...
BASKETBALL
Greens lose badly as CSKA Moscow
Panathinaikos has a mountain to climb in order to reach the Final Four of the Euroleague after losing at CSKA Moscow on Friday for a second time in two days, only this time it was comprehens...
Inside Sports
COMMENTARY
Realitys other side
There is plenty of evidence pointing to the fact that the countrys real economy has hit rock bottom and is currently entering a phase of growth. Those who know the market well tend to suppo...
EDITORIAL
Enough barbarity
The events that took place on Santorini on Holy Saturday, when seven people were injured, including an American tourist who sustained life-threatening injuries, after a firecracker was throw...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greece meets budget target for more debt relief from creditors
2. Woman dies after falling off regional ity building
3. Greece sees 2013 primary budget surplus at 1.5 bln euros, says deputy finance minister
4. Greek debt swells again as Samaras looks to creditors for relief
5. Tunisian sought over employment scam
6. FBI seeks to identify victims of suspected US child molester who worked abroad, including Greece
more news
Today
This Week
1. FBI seeks to identify victims of suspected US child molester who worked abroad, including Greece
2. Greek debt swells again as Samaras looks to creditors for relief
3. Tunisian sought over employment scam
4. Greece sees 2013 primary budget surplus at 1.5 bln euros, says deputy finance minister
5. Woman dies after falling off regional authority building
6. Three more arrests made on Santorini over Easter injuries [Update]
Today
This Week
1. Greece's market return mirrors return of tourists
2. Greece startup leaders say they cant break jobless cycle alone
3. Ground-breaking Good Friday mass signals thaw in Cyprus
4. Mayoral candidates clash over Athens mosque plans
5. Government looks to kick on
6. Greece offers to help find Turkish F-16 lost in 1996
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.