Cyprus Bailout | South Too Broke to Pay Wages & Pensions It is becoming clear that the south’s government left their application for a EU bailout a little late and that this month there could be a shortfall of €75m needed to pay salaries and pensions. Although there is a reserve of €85m, €160 […] 
Cyprus Bailout | Cyprus Airways May Cease to Operate Tasos Mitsopoulos, Minister of Communications and Works, said that Cyprus Airways would possibly suspend its operations since the company was making great losses which the south’s government could not support. There is also the problem that the EU is questioning the assistance th government has […]
WITHOUT PREJUDICE Cyprus News Review | International Opinion on Bailout Another take on the ROC banking situation, this time coming from a place I travel through every time I visit the US – Chicago. The post mortem on the ROC will continue I suspect for a very long time. As one leading Cypriot said […]
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