Search Results for: Cyprus Central Bank
Merkel Says Greek Diplomatic Offensive Is Failing
February 5th, 2015
German Chancellor Angela Merkel indicated that a diplomatic offensive by newly elected Greek Prime Minister Alexis Tsipras to ease his nation’s bailout-aid requirements is failing to win over converts. “I don’t think that the positions of the member states ...
Richest Russians Repatriate Assets After Putin Turns Tax Screw
January 20th, 2015
President Vladimir Putin is pushing harder on Russia’s richest citizens to repatriate offshore assets amid a slump in the ruble and the imposition of sanctions by the U.S. and the European Union. Under new tax rules signed into law ...
CySec requests further information from CIFs after the recent move on Swiss Franc
January 19th, 2015
The recent move on the Swiss Franc has urgent CySec to ask information from the investment firms under its supervision, on the impact of the move on their business. With a circular, the Cyprus Securities and Exchange Commission (CySec) ...
Decline and Fall of the Demagogues
December 19th, 2014
This article could have been entitled ‘The Bonfire of the Vanities’ (with apologies to the book’s author Tom Wolfe) as it too is all about ruthless ambition, political sleaze and rampant greed. However, as vanity in others is regarded ...
Interview with Benoît Cœuré, ECB
November 10th, 2014
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Theano Theiopoulou (Phileleftheros newspaper) on 9 November 2014 1. Why was banks’ participation in the ECB’s targeted longer-term refinancing operations (TLTROs) lower than expected? There ...
The Rise and Fall of the Cypriot Economy (Part 2)
October 20th, 2014
Part 2 – Decline & Deleveraging Stage 4 In the fourth stage people start to become poorer but still think of themselves as rich. The decline is gradual and at first people didn’t realise it and in cases where ...
Democracy or Idiocracy?
October 9th, 2014
In Cyprus, we live in a democracy characterised by government by the people and/or their elected representatives: constitutional guarantees, free and fair elections, a parliament of elected members, separation of legislature and the executive, an independent judiciary, and so ...
Where Next? A peek through the Macro Lens
October 9th, 2014
Financial markets have been on a heady ride since the financial crisis began in 2008. It looks like we are now at a very critical juncture which will define how things play out over the next 18-24 months. There ...
CySec: Transitional provisions of the new AIF law
August 13th, 2014
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement informing all interested parties that the Alternative Investment Funds Law (L.131(I)/2014) (the ‘Law’) came into force on July 27th 2014. The Law can be found on the Commission’s website, ...
The Global Economy’s Groundhog Day
August 8th, 2014
In the movie “Groundhog Day,” a television weatherman, played by Bill Murray, awakes every morning at 6:00 to relive the same day. A similar sense of déjà vu has pervaded economic forecasting since the global economic crisis began a ...
