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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)  
Consumer confidence in Greece improves in Q2
Greek sovereign debt at 174.1 percent of GDP in first quarter
Portugal, Greece have money if banks need it, Regling says
Shares in Greek renewable energy firm drop in trade debut
Old Attica train tracks to be transformed into bicycle lane network
The Attica Regional Authority in cooperation with experts from the National Technical University of Athens (NTUA) are drawing plans to transform abandoned railway tracks into bicycle lanes t...
Attica hospital workers to hold five-hour walkout on Wednesday
Workers at public hospitals in the Attica region will walk off the job from 10 a.m. to 3 p.m. on Wednesday and stage a protest rally at 11 a.m. outside the Health Ministry They are protestin...
Inside News
TRACK & FIELD
Athens, the Marathon capital of the world for good
Paco Borao, the man who restored Athens as the Marathon capital of the world with the establishment at the Olympic Sports Center of the headquarters of the International Association of Marat...
TRACK & FIELD
Pole vault record on same day as three doping cases
Greek track and field had a mixed weekend, as on the same day as Katerina Stefanidi matched the national record in pole vault as well as the leading result in Europe so far this season, thre...
Inside Sports
COMMENTARY
Unequal after death
The dead are dead and the slain are slain, whether they are Malaysian, Dutch, Palestinian or Israeli, whether they are the innocent victims of a civilian plane that is shot down (we still do...
EDITORIAL
Chinese investment
The relationship between Greece and China has become one of major strategic importance. Beijing threw its support behind Athens during a period when the country was going through particularl...
Inside Comment
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RECENT NEWS
1. Athens, the Marathon capital of the world for good
2. Old Attica train tracks to be transformed into bicycle lane network
3. Attica hospital workers to hold five-hour walkout on Wednesday
4. PM congratulates police over Maziotis arrest
5. Consumer confidence in Greece improves in Q2
6. Greek sovereign debt at 174.1 percent of GDP in first quarter
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Today
This Week
1. Unequal after death
2. Chinese investment
3. Greeks getting better at recycling, though still Europe's laggards
4. Piraeus prosecutor investigating use of funds for building renovation
5. Shares in Greek renewable energy firm drop in trade debut
6. Greek sovereign debt at 174.1 percent of GDP in first quarter
Today
This Week
1. China and Greece agree to further cooperation in transportation, infrastructure
2. Ex-Credit Suisse banker taps lesson for Greek rebound
3. The cost of excellence
4. Pay-TV booms as cash-strapped Greeks shun depressing news shows
5. Greece seen in third bailout as bonds not enough, economists say
6. Summer storms cause problems in Thessaloniki, spread across the country
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