Saturday August 23, 2014 Search
Weather | Athens
32o C
25o 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.

“You’ve already lived through it but we don’t 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.

Christofias’s 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 area’s 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)  
New Democracy should look to center ground, says Mitsotakis
Education Ministry says almost 180,000 tertiary students ´stagnant´
Hardouvelis ready to make changes to property tax after MP talks
Ancient Amphipolis tomb unlikely to have been looted, says lead archaeologist
External factors threatening Greek recovery
At a time when the Greek economy is displaying what appear to be early signs of recovery, following six years of deep recession, a series of external factors are threatening to undermine the...
Vodafone to buy 73 pct more of Hellas Online for 73 mln euros
Britain’s Vodafone has agreed to acquire a further 73 percent stake in Greece’s broadband and fixed-line telephony provider Hellas Online for 73 million euros, to help it better compete in t...
Inside Business
West Brom sign Greek international striker Samaras
West Bromwich Albion have signed Greece striker Georgios Samaras on a two-year contract following his release from Scottish champions Celtic, the English Premier League club said on Friday. ...
SOCCER
Panathinaikos, Asteras Tripolis notch up vital wins in Europa League
Thursday proved a very productive night for two of the three Greek teams performing in the Europa League as Panathinaikos and Asteras Tripolis secured vital wins in the first legs of their p...
Inside Sports
COMMENTARY
Purification rituals
The collection of higher-than-expected state revenues (which exceeded the target set for the seven-month period by 555 million euros) from income taxes and the terrible introduction of the n...
EDITORIAL
Building a solid state apparatus
The conservative-led government is making a valiant effort to modernize the country’s public administration. Bringing the system up to a decent standard is of course a painstaking process th...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. New Democracy should look to center ground, says Mitsotakis
2. Education Ministry says almost 180,000 tertiary students ´stagnant´
3. Hardouvelis ready to make changes to property tax after MP talks
4. Ancient Amphipolis tomb unlikely to have been looted, says lead archaeologist
5. Anti-terrorism squad called in after 300,000-euro bank robbery
6. External factors threatening Greek recovery
more news
Today
This Week
1. Purification rituals
2. Aftershocks rattle Halkidiki after strong 5-Richter quake
3. Coast guard intercepts 180 migrants in Aegean in two days
4. Greek peach farmers await Brussels decision on compensation
5. Avramopoulos, Hagel hammer out 'roadmap' of defense cooperation
6. Hardouvelis hears grievances of coalition MPS to unified property tax bill
Today
This Week
1. Carved sphinxes at Ancient Amphipolis tomb will not be removed
2. The magical mountain
3. Merkel cites euro’s ‘construction flaws’ as economy sputters
4. Greek stock recovery fading away as ASE falls 21 pct on valuations
5. Brussels warns Greece over plans to allow construction near Korinos beach
6. Second man held over double murder in Mani
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.