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Enrico Letta 1

Italy’s Letta Wants Economic Growth, As Merkel Insists On Strict Austerity…

As Italy’s new prime minister Enrico Letta seems to support the immediate¬†implementation of economic growth policies in the euro zone, Chancellor Merkel in Berlin insists that economic growth and fiscal consolidation can go together. [...]
Euro Crisis 1

Cyprus (11): Big Savers Pay The Bill, But Tourism Is Still Alive..!

Big savers in the Bank of Cyprus are going to lose around 60% of their deposits, as it made known today. This decision is to have a negative impact on foreign deposits in the island. On the other hand, Cypriots have stayed calm after banks reopened [...]
Euros 1

Cyprus (8): Bank Restructuring + Competitiveness + Energy Geopolitics = New Financial Model.

Banks in Cyprus is to remain closed until Thursday in an effort of the Central Bank on the island to control an expected withdraw of foreign deposits after Nicosia accepted the troika’s rescue plan: Cyprus banks remain closed to avert [...]
Cyprus Bailout 6

Cyprus (6): Unclear Bank Restructuring (Minus) Tourism = Extreme Austerity…

As the government in Cyprus has tried to meet a Monday deadline for averting a catastrophic financial collapse, President Anastasiades is to fly in Brussels today, for having a close round of consultations with EU officials: Cyprus seeks 11th-hour [...]
Cyprus 2nd Critical Weekend 1

Cyprus (5): The Second Bailout Weekend…

This weekend, is another critical one for Cyprus, as the island returns to Eurogroup’s ¬†demand for taxing big savers. The financial and geopolitical “element” in the situation this weekend is that Cyprus is completely alone [...]
Cyprus Bailout 1

Cyprus: The Tragic Realities Of The Bailout Weekend In Euro Zone’s Economic War…

Government and politicians in Cyprus are trying to earn valuable time for re-assessing the situation and properly reacting to Euro Zone’s (Germany’s) ultimatum of imposing a bank tax or follow a disastrous default by allowing the [...]
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