Monday October 20, 2014 Search
Weather | Athens
24o C
16o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
The right moves

The way in which the Greek government has responded to the crisis in Cyprus was correct.

While Greece had to show its support for the island republic, it was also obliged to safeguard the stability of its own financial and banking system.

The latter was achieved through local banking authorities agreeing on a deal for the takeover of the Greek branches of Bank of Cyprus and Cyprus Popular Bank.

The move is expected to aid local banks in terms of shielding themselves from the Cypriot crisis and at the same time will allow Cyprus to reduce its embattled banking sector.

Those criticizing the stance of the Greek government seem to ignore the dangers that the country would face in the eventuality of Cypriot lenders defaulting in a disorderly manner, not to mention its primary target, which is for Greeces debt not to increase in the slightest.

ekathimerini.com , Friday March 22, 2013 (23:06)  
Stop moaning and get in the game
Exorcising the ghosts
Greeces closed society is central to its current malaise
Between West and East
PASOK objects to plans for changes to public sector wage structure
Coalition partner PASOK has reacted to leaks about the new pay structure in the civil service by saying that it has not accepted the changes. In a direct attack on Administrative Reform Mini...
SYRIZAs Lafazanis pledges immediate action on bailout, Tsipras promises
Outspoken SYRIZA MP Panayiotis Lafazanis insists that if his party comes to power it will cancel Greeces bailout agreement overnight. Lafazanis added that the policy pledges made by SYRIZ...
Inside News
Greeces Alpha Bank said to seek 180 mln euros for Athens Hilton
Alpha Bank AE, Greeces fourth- largest bank, plans to sell the Hilton Athens hotel for 180 million euros ($230 million), two people with knowledge of the matter said. The 506-room, five-sta...
Greek toy retailer Jumbo lifts Q1 sales 11 percent
Leading Greek toy retailer Jumbo reported an 11 percent increase in sales in its first quarter to Sept. 30, citing robust growth in Bulgaria and Cyprus. Jumbo, which operates 53 stores in Gr...
Inside Business
BASKETBALL
Reds lose to Nea Kifissia, search for new coach
Nea Kifissia recorded the biggest win of its short history in the top flight defeating Olympiakos 68-67 on Sunday, in a Basket League weekend marred by the abandonment of the Thessaloniki de...
SOCCER
OFI stuns Panathinaikos, Mitroglou hits twice
OFI Crete produced the upset of the week in Greek soccer beating Panathinaikos in Athens for only the second time in its history on Sunday, while PAOK stayed on top beating Atromitos at home...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. PASOK objects to plans for changes to public sector wage structure
2. SYRIZAs Lafazanis pledges immediate action on bailout, Tsipras promises
3. Greeces Alpha Bank said to seek 180 mln euros for Athens Hilton
4. Greek toy retailer Jumbo lifts Q1 sales 11 percent
5. Turkish vessel enters Cypriot Exclusive Economic Zone
6. Samaras to visit Cyprus on November 7, ahead of Egypt talks
more news
Today
This Week
1. Hardouvelis does not see 'big surprises' in ECB stress tests
2. European leaders pivot back to debt crisis after wake-up call
3. Bakers encircle Thessaloniki's White Tower with giant 'koulouri'
4. Greece must stick to reforms, says Schaeuble
5. Samaras to visit Cyprus on November 7, ahead of Egypt talks
6. Turkish vessel enters Cypriot Exclusive Economic Zone
Today
This Week
1. Possible third figure in Amphipolis mosaic may be uncovered shortly
2. Less haste, more focus
3. Greece to contribute 1 mln towards Gaza reconstruction
4. Greece nearing bailout exit, says gov't spokesperson after IMF talks
5. Istanbul skyscraper casts shadow over Greece's banking ambitions
6. Coalition shooting itself in the foot
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.