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Archive for July, 2012

Protest at the Cyprus High Commission in London

Disaffected property buyers held a peaceful demonstration outside the offices of the Cyprus High Commission in London yesterday in efforts to raise awareness of the problems associated with buying property on the island.

Island under the Troika microscope

The Island will be put under the microscope by members of the Troika delegation who arrived in Cyprus yesterday for a fact-finding mission that is expected to play a crucial role in Cyprus’ EU bailout application.

Popular bank receives state bailout

Cyprus, which applied for an EU bailout last week, acquired €1.79 billion worth of shares in the island’s second-largest lender, in a previously announced move to help it meet minimum capital levels depleted by heavy exposure to debt-crippled Greece.

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