One of the by-products of field projects working in the same area over a prolonged period of time is the realisation that the team makes an enduring contribution to the local community.
The nightmare for Cyprus started in March 2013. The country’s banking sector faced a sudden squeeze. The two biggest players – Bank of Cyprus and Marfin Laiki Bank – were in danger of a collapse which…
More than two years after the Republic of Cyprus entered the eurozone crisis, little has changed. Those responsible for the banking scandals that necessitated a bail-out from the Troika have not yet been…
What is the quickest route to international recognition? Aspiring states may try to ally themselves with a great power, lobby national governments, or even try to enlist the support of celebrities, which…
Uninsured savings over €100,000 deposited in a troubled Cypriot bank may be subject to a new levy, under a deal reached to save the Cyprus banking system. The European Union (EU) finance ministers, the…
Last week, the Parliament of Cyprus rejected a bill that would impose a levy of 9.9% on bank deposits over the insurance threshold of €100,000 and a levy of 6.75% on deposits below the insurance ceiling…
The desperation the Cypriot government finds itself in cannot be exaggerated. In the scheme of things, it seems small, but the nature of each Eurozone crisis is that the small problems are often the largest…
In a surprise move that shocked investors and commentators alike, the Republic of Cyprus announced plans last weekend to impose a levy on bank deposits. However, Cyprus’ prime minister, Nicos Anastasiades…