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IIF's Dallara warns against underestimating Cyprus crisis

Cyprus needs support from the euro area, the International Monetary Fund and Russia to stay in the euro and avoid restoking the financial crisis, said Institute of International Finance Managing Director Charles Dallara.

One lesson weve learned from Greece is that just because its a relatively small economy, dont underestimate potential contagion if a situation is not managed carefully, Dallara said in an interview on Wednesday with Bloomberg Television. [Bloomberg]

ekathimerini.com , Wednesday Jan 23, 2013 (21:42)  
Pegging reforms to debt relief acts
Demand for diesel boosts total fuel sales
Foreign investors not overly concerned about political risk
IMF unhappy over social security debt collection
Results of probe into 20 Lagarde list names due soon
Members of the Financial Crimes Squad (SDOE) and tax inspectors involved in an investigation into the so-called Lagarde list of Greeks with Swiss bank accounts expect to be able to announce ...
Police refute reports of Jihadi training
Greece is not a training ground for Jihadis, the Greek police said in a statement released late on Friday in response to reports in the local media claiming that radical Islamists have been ...
Inside News
SOCCER
Triumph for PAOK, historic result for Asteras in Europa League
Greek teams produced a patchy record on the opening night of the Europa League group stage on Thursday, as PAOK thrashed Dynamo Minsk, Asteras Tripolis snatched a draw at Besiktas and Panath...
SOCCER
Financial crisis forces Greek second division postponement
Greece's second soccer division Football League announced on Wednesday the postponement of the start of the season due to financial difficulties being faced by most clubs. "The board of dire...
Inside Sports
COMMENTARY
Universities threatened by transfers
The problem arising from the abuse of the Greek university transfer system whereby some students are allowed to move to an institution of their choice instead of the one they were admitted...
EDITORIAL
Capital changes
A sizable part of the middle of the Greek capital has been slated to receive a significant makeover with the implementation of an urban restructuring project which includes turning a key cit...
Inside Comment
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RECENT NEWS
1. Pegging reforms to debt relief acts
2. Demand for diesel boosts total fuel sales
3. Foreign investors not overly concerned about political risk
4. IMF unhappy over social security debt collection
5. Agenda
6. Results of probe into 20 Lagarde list names due soon
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Today
This Week
1. IMF unhappy over social security debt collection
2. Agenda
3. Demand for diesel boosts total fuel sales
4. Foreign investors not overly concerned about political risk
5. Pegging reforms to debt relief acts
6. Greece can meet its needs on its own
Today
This Week
1. Greece on standby
2. Greece at bottom of social justice scale among EU28
3. Central Athens traffic restrictions back in force on Monday
4. Greece can meet its needs on its own
5. Lost in the fog
6. Record sum of new debts to the state in August
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