03/10/2014 09:13
The major issues in today’s financial press are the draft bill for the reform of the local administration and the European Central Bank’s decision to buy packages of securitized loans and covered bonds.
The newspaper “Phileleftheros” refers to the draft bill for the reform of the local administration. As noted, the municipalities and councils are abolished and their powers are transferred to district councils. The only powers they will have the management of cemeteries, the responsibility of the school committees and the execution of civil marriage in the case of municipalities. The bill raises serious reactions.
The “Economy” inset of the newspaper reports that the ECB President, Marios Draghi announced moves for the strengthening of banking liquidity in Greece and Cyprus.
Other headlines:
-Towards expanding the period for objections
-Association complaints for summons to borrowers
-CCB boosts departments with recruitment
-30% of the low pensioners turned their back to EEE
The newspaper “Simerini” reports that the General Auditor of the Republic, Odysseas Michaelides, sent a letter to the Attorney General asking for his legal guidance to secure the good administration as the heads in two controlled organizations are relatives.
The “Economy” inset of the newspaper highlights that officials of the Cypriot banks participating in the stress tests will be in Frankfurt on October 7-8 to give clarifications for the capital, the red loans and collateral.
Other headlines:
-€135m go to voracious jaws, SMEs say
The newspaper “Haravgi” reports that the government with a delay of several months admits that there were improvisations on property assessments. Interior Minister Socrates Hasikos yesterday admitted that serious mistakes and unrealistic estimates were made.
The “Economy” inset of the newspaper reports that the banks will be informed by the ECB on the results of the stress tests. The results will be officially announced on October 26.
Other headlines:
-Unemployment among the young is alarming
-Bounced off cheques of €2.7m in nine months
-ECB cash to Greece and Cyprus
The newspaper “Alithia” refers to the draft bill for the reform of the local administration. As noted, the second grade of local administration will operate with elected district councils.
Interior Minister, Socrates Hasikos said that the draft is the bass of the deliberations that must be completed by December.
The “Economy” inset of the newspaper reports that the Larnaca District Court ordered a cooperative credit institution to pay compensation to borrower.
Other headlines:
-ECB buys junk-bonds from Cypriot and Greek banks
-CB: Bounced off cheques of €2.69m
-Create your CV!
The newspaper “Phileleftheros” refers to the draft bill for the reform of the local administration. As noted, the municipalities and councils are abolished and their powers are transferred to district councils. The only powers they will have the management of cemeteries, the responsibility of the school committees and the execution of civil marriage in the case of municipalities. The bill raises serious reactions.
The “Economy” inset of the newspaper reports that the ECB President, Marios Draghi announced moves for the strengthening of banking liquidity in Greece and Cyprus.
Other headlines:
-Towards expanding the period for objections
-Association complaints for summons to borrowers
-CCB boosts departments with recruitment
-30% of the low pensioners turned their back to EEE
The newspaper “Simerini” reports that the General Auditor of the Republic, Odysseas Michaelides, sent a letter to the Attorney General asking for his legal guidance to secure the good administration as the heads in two controlled organizations are relatives.
The “Economy” inset of the newspaper highlights that officials of the Cypriot banks participating in the stress tests will be in Frankfurt on October 7-8 to give clarifications for the capital, the red loans and collateral.
Other headlines:
-€135m go to voracious jaws, SMEs say
The newspaper “Haravgi” reports that the government with a delay of several months admits that there were improvisations on property assessments. Interior Minister Socrates Hasikos yesterday admitted that serious mistakes and unrealistic estimates were made.
The “Economy” inset of the newspaper reports that the banks will be informed by the ECB on the results of the stress tests. The results will be officially announced on October 26.
Other headlines:
-Unemployment among the young is alarming
-Bounced off cheques of €2.7m in nine months
-ECB cash to Greece and Cyprus
The newspaper “Alithia” refers to the draft bill for the reform of the local administration. As noted, the second grade of local administration will operate with elected district councils.
Interior Minister, Socrates Hasikos said that the draft is the bass of the deliberations that must be completed by December.
The “Economy” inset of the newspaper reports that the Larnaca District Court ordered a cooperative credit institution to pay compensation to borrower.
Other headlines:
-ECB buys junk-bonds from Cypriot and Greek banks
-CB: Bounced off cheques of €2.69m
-Create your CV!
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