Monday March 2, 2015 Search
Weather | Athens
11o C
6o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Troika begins review of bailed-out Cyprus

International lenders on Wednesday began their third assessment of the Cyprus economy to see if Nicosia is upholding its obligations under a bailout accord struck last March.

Cyprus has successfully completed two similar reviews by the so-called troika of lenders.

The latest examination will run two weeks and focus on bank restructuring, the planned privatization of state assets and how to deal with nonperforming loans.

The central bank said troika technocrats, who will be on the island until February 12, started their mission with “general discussions” on the financial sector.

They will also meet in coming days with officials from the major banks and the cooperative banking movement, which is undergoing a 1.5-billion-euro restructuring process.

Nicosia has said it will stick to the bailout agenda no matter how unpopular it is, but the troika will also look at revenue-raising measures and how effective they have been.

A survey released on Wednesday by the University of Cyprus estimated the economy contracted 5.5 percent in 2013 – lower than the troika’s forecast of 7.7 percent – and that it will continue to shrink by 5.4 percent in 2014.

[AFP]

ekathimerini.com , Wednesday Jan 29, 2014 (19:52)  
Greece has ways to cover March funding needs, says ministry official
ECB uncomfortable with leading role in Greek funding drama
Next Greek aid deal will emerge in coming months, Moscovici says
Greek reforms could prompt bailout payment in March, says Dijsselbloem
Parliament will not vote on loan extension, says government
The government confirmed on Monday that it would not submit to Parliament the four-month extension of the country’s loan agreement. Prime Minister Alexis Tsipras’s office said there is no le...
Urban guerrilla´s mother and wife arrested after alleged accomplice taken into custody
Police have made another two arrests after catching Angeliki Sotiropoulou, an alleged accomplice of November 17 terrorist Christodoulos Xeros and members of the Conspiracy of the Cells of Fi...
Inside News
SOCCER
Super League to seek way out of impasse
The Super League governing board is convening again on Monday in a bid to overcome the tensions that keeps building up in Greek soccer despite the suspension of action on the field over the ...
BASKETBALL
Spanoulis leads Olympiakos to win over Malaga
A good second half was enough for Olympiakos to get the better of Unicaja Malaga (77-72) and score its seventh win in eight games at the second group stage of the Euroleague on Friday. Playi...
Inside Sports
COMMENTARY
A unionist agenda
Maybe Greece will not experience a credit event, “because it is in no one’s interest,” as Minister of State for Coordinating Government Operations Alekos Flambouraris recently assured. Maybe...
EDITORIAL
The beguiling limelight
Too much media exposure is never a good thing and there is no shortage of newcomers in politics who are beguiled by the limelight. What usually comes after this thrall of publicity is the in...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greece has ways to cover March funding needs, says ministry official
2. Parliament will not vote on loan extension, says government
3. Urban guerrilla´s mother and wife arrested after alleged accomplice taken into custody
4. EU Commission: seeking unity in EU after Spain, Portugal clash with Greece
5. ECB uncomfortable with leading role in Greek funding drama
6. Police arrest woman alleged to have been Xeros accomplice
more news
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. Greek reforms could prompt bailout payment in March, says Dijsselbloem
3. Schaeuble urges Greece to implement reforms during extension
4. Next Greek aid deal will emerge in coming months, Moscovici says
5. EU Commission: seeking unity in EU after Spain, Portugal clash with Greece
6. Trial for Vatopedi Monastery land swap to begin
Today
This Week
1. Time for Alexis Tsipras to keep his nerve
2. A fierce battle looms
3. The ignorance of the West about the culture of Islam
4. Greece to make international protest over Turkey reserving Aegean air space
5. Spain said to lead push to hold Greece to terms as Podemos grows
6. SYRIZA feeling the pain
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.