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Cyprus Public Finances News is an EIN News Service for political professionals. Constantly updated news and information about Cyprus EU Politics.
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Latest Cyprus Public Finances News

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  • UPDATE 1-Cyprus economy to shrink more than 1 pct in '09-cbank 27 Nov 2009 09:20 GMT
    ... NICOSIA, Nov 27 (Reuters) - Cyprus can expect its economy to contract by ... more than 1.0 percent this year, and budget deficit levels double the euro zone threshold, Central ... reflection of deep-rooted structural problems in the Cypriot economy. 'The situation is critical, and the state ...

  • UPDATE 2-Cyprus economy to shrink, deficits to rise-cbank 27 Nov 2009 09:55 GMT
    ... NICOSIA, Nov 27 (Reuters) - Cyprus' economy will shrink by more than 1 ... than 1 percent this year and its budget deficit will breach euro zone thresholds in 2010 ... reflection of deep-rooted structural problems in the Cypriot economy. 'The situation is critical, and the state ...

  • UPDATE 3-Cyprus economy to shrink, deficits to rise-cbank 27 Nov 2009 12:14 GMT
    ... NICOSIA, Nov 27 (Reuters) - Cyprus' economy will shrink by more than 1 ... than 1 percent this year and its budget deficit will breach euro zone thresholds in 2010 ... reflection of deep-rooted structural problems in the Cypriot economy. 'The situation is critical, and the state ...

  • Cyprus c.bank sees economy shrinking more than 1 pct in '09 27 Nov 2009 08:50 GMT
    ... NICOSIA, Nov 27 (Reuters) - Cyprus can expect its economy to contract by ... reflection of deep-rooted structural problems in the Cypriot economy. Central Bank economists could not exclude the ... not exclude the possibility of the island's budget deficit exceeding 6.0 percent of gross domestic product ...

  • UPDATE 1-Cyprus should move on structural changes-c.bank 20 Nov 2009 11:54 GMT
    ... NICOSIA, Nov 20 (Reuters) - Cyprus's economy needs structural changes to shore up its public finances in the long-term and the longer it waits the more painful it will be, ...

  • Cyprus' Central Bank governor urges curb on spending to head off growing fiscal deficit 27 Nov 2009 13:18 GMT
    ... NICOSIA, Cyprus (AP) - Cyprus' Central Bank governor urged the government on ... necessary structural changes are done to put public finances in order, the smaller the cost will ...

  • Cyprus should move on with structural change-cbank 20 Nov 2009 11:34 GMT
    ... NICOSIA, Nov 20 (Reuters) - Cyprus's economy needs structural changes to help maintain the ... to help maintain the long-term sustainability of public finances, central bank governor and European Central Bank ...

  • Cyprus Central Bank governor urges spending curb 27 Nov 2009 13:15 GMT
    ... necessary structural changes are done to put public finances in order, the smaller the cost will ... and prosperity," he said. European Union member Cyprus joined the euro zone on Jan. 1, 2008. A ...

  • Government Sovereign Debt Spirals 24 Nov 2009 21:11 GMT
    ... I have been writing about sovereign debt risk for some time. ... (PASOK) of George Papandreou confess that the budget deficit will be more than 12pc of GDP ... with Ireland," he said. Brussels says Greece's public debt will rise from 99pc of GDP in 2008 ...

  • Government debt spirals 25 Nov 2009 22:30 GMT
    ... The US is going to have to borrow at a minimum ... (PASOK) of George Papandreou confess that the budget deficit will be more than 12pc of GDP ... with Ireland," he said. Brussels says Greece's public debt will rise from 99pc of GDP in 2008 ...

  • Greece Tests the Limit of Sovereign Debt As it Grinds Toward Slump 27 Nov 2009 16:33 GMT
    ... I've been reading quite a bit of handwring over Greece ... (PASOK) of George Papandreou confess that the budget deficit will be more than 12pc of GDP ... are needed." he said. Brussels says Greece's public debt will rise from 99pc of GDP in 2008 ...

  • UK Telegraph: Greece Tests the Limit of Sovereign Debt As it Grinds Toward Slump 27 Nov 2009 17:41 GMT
    ... I've been reading quite a bit of handwring over Greece ... (PASOK) of George Papandreou confess that the budget deficit will be more than 12pc of GDP ... very serious austerity measures are needed Greece's public debt will rise from 99pc of GDP in 2008 ...

  • Greece tests the limit of sovereign debt as it grinds towards slump 22 Nov 2009 19:01 GMT
    ... Greece tests the limit of sovereign debt as it grinds ... (PASOK) of George Papandreou confess that the budget deficit will be more than 12pc of GDP ... with Ireland," he said. Brussels says Greece's public debt will rise from 99pc of GDP in 2008 ...

  • Budget set for overhaul 21 Nov 2009 13:35 GMT
    ... GDP I could honestly tell Brussels the budget deficit was closer to 8 percent,” Papakonstantinou told ... of its discrete components in what modern public finance calls “programme budgeting”, Papakonstantinou said. Instead of ... to tear down the wall that divides Cyprus. ...

  • UPDATE 1-Greek bank sell-off deepens on funding concerns 25 Nov 2009 14:35 GMT
    ... Spyros Pantelias, general manager at Bank of Cyprus. 'But what we are seeing is an exaggeration. It's ... Greece's central banker said the deterioration in public finances posed a risk of a downgrade by ...


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