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Europe Daily Bulletin No. 11201

21 November 2014
ECONOMY - FINANCE - BUSINESS / (ae) cyprus
CBC and former government under fire over the failure of Laiki

Brussels, 20/11/2014 (Agence Europe) - A 40-page study commissioned by the Cypriot government to determine the extent to which the failure of Laiki endangered the island's economy, has slammed the Central Bank of Cyprus (CBC) and the previous government. The report, which was published online by the New York Times on Wednesday 19 November, explains that Laiki, the second-largest bank of the country, which was dismantled with heavy losses to depositors, “was insolvent before the haircut of...

Contents

ECONOMY - FINANCE - BUSINESS
INSTITUTIONAL
SECTORAL POLICIES
EXTERNAL ACTION
COURT OF JUSTICE OF THE EU