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541. House shifts into gear with Sunday bad loans session

It will be a long weekend for the House finance committee, which will hold emergency sessions ahead of a crucial Sunday vote on bad loans and state guarantees for Hellenic Bank...

542. Cabinet okays homeowner plan ahead of crucial House session

The Cabinet approved on Tuesday the “Estia” scheme aimed at addressing the high volume of non-performing loans in the Cypriot banking sector, but time is running out as a crucial legislation package on bad loans is also up for a vote on Friday...

543. Nicosia detains ELDYK soldier on Greek warrant

A Greek solider serving in Cyprus was arrested in connection with funding a terrorist group, following a deposit he made last year to the Revolutionary Fund...

544. House prepares to define good and bad borrowers

The distinction between responsible and irresponsible borrowers is at the forefront of heated debate this week, with Presidential Palace and Parliament scrambling to strike balance ahead of a crucial vote...

545. Government welcomes Diko support on bad loans

The Cyprus government says it can work with opposition centrist party Diko to pass much needed comprehensive legislation on bad loans that would also pave the way for a co-op deal to go forward...

546. Bad loans revive MP financial disclosure debate

A ruthless debate is picking up steam among members of parliament following public discussion and media coverage that raises the issue of conflict of interest ahead of a crucial vote on bad loans...

547. AG names investigators to comb though co-op

A former judge, an economist, and a banker will make up the executive committee that will investigate any suspicious dealings that took place in the troubled Cypriot co-op...

548. Co-Op deal with Hellenic still up in the air

The government is running against the clock with bad loans legislation, which would include a bill approving state guarantees for Hellenic Bank to absorb potentially high-risk loans in co-op takeover...

549. Tsipras in UK in bid to promote Greek role in Balkans, seek investors

Prime Minister Alexis Tsipras is in London on Monday for a three-day visit during which he is scheduled to meet with his counterpart, Theresa May, and the head of the Labour Party, Jeremy Corbyn, while attempting to present Greece as a significant player in the Balkans and investigate investment interest....

550. Cyprus co-op bank freezes accounts with bad loans

The Cyprus Cooperative Bank on Friday froze accounts of customers who keep their loans delinquent on purpose, as the bank makes an effort to force them to seek refinance terms...

551. Probe countdown begins for Cyprus Co-Op debacle

Attorney General Costas Clerides is moving forward with the launching of an investigation into possible offences at the Cyprus Cooperative Bank, in connection with bad loans worth €7.5 billion...

552. Co-op bankers plead not guilty in loans scandal

Senior co-op executives pleaded not guilty to fraud charges in connection with a banking scandal where loans worth millions were given out without due process...

553. #PoliticsBlog End of an era and Harris’ bitter chalice

Journalists often abuse the term 'end of an era' but in the case of the Cyprus Cooperative Bank, these words totally fit the bill...

554. Government throws Co-Op ball in Hellenic’s court

The Cyprus Cooperative Bank will examine Monday a final offer from Hellenic Bank to acquire the troubled state-owned institution, with government seeing the buyout as a good step while critics saying tax payers are unfairly picking up the tab...

555. Hellenic moments away from CCB offer

The privatisation deal for Cyprus Cooperative Bank could be moments away, with Hellenic Bank putting the finishing touches on the final makeup of its new shareholder base...

556. Audit report on CCB made public amid negotiations

An audit report on the Cyprus Cooperative Bank (CCB) was made public on Friday, amid negotiations between the Co-op and its two bidders, making recommendations for improvement but also criticising the institution on a number of decisions...

557. Name deal with FYROM within reach

Greece and the Former Yugoslav Republic of Macedonia (FYROM) are reportedly on the brink of reaching a deal to resolve the decades-old name dispute after the two countries’ foreign ministers apparently reached common ground on Monday. ...

558. Korean-Hellenic ship forum to highlight ties

The “Korean-Hellenic Maritime Cooperation Forum,” to be held on Wednesday, June 6, in the context of the Posidonia 2018 shipping fair next to Athens International Airport, is expected to draw quite a crowd and will highlight the long-standing cooperation between the two nations in the maritime sector....

559. Government and Co-op begin consultations with bidders

560. 'Moments of Glory' photographic exhibition in London

The photographic exhibition that focuses on true “Moments of Glory” from the Rio 2016 Olympic Games, as captured by Selene Alexia, the accredited photographer of the Cyprus Olympic Committee (COC), will be held in London 12-14 June...

561. Greek and Turkish armed forces seek ways to reduce tension in Aegean

Hellenic Armed Forces General Staff (GEETHA) Chief Admiral Evangelos Apostolakis and his Turkish counterpart Hulusi Akar discussed ways of de-escalating tension in the Aegean to avoid the possibility of an accident, in talks held on the sidelines of recent military conferences in Europe...

562. Turkish aircraft violate Greek airspace 28 times

Greek and Turkish fighter jets engaged in a dogfight on Wednesday after Turkish aircraft violated Greek airspace 28 times in sections of the northeastern, central and southeastern Aegean....

563. Greece's Souda Bay naval base is ‘world-class’

Greece’s military base in Souda Bay, Crete, is an “essential hub” for NATO operations in the Mediterranean, combining world-class facilities with access to North Africa, the Commander of Allied Joint Force Command Naples and US Naval Forces Europe and Africa, US Navy Admiral James Foggo....

564. Greek coast guard rescue 67 migrants at sea

The Greek coast guard rescued 67 foreign nationals whose dinghy was in distress at sea near the eastern Aegean island of Lesvos early on Monday morning....

565. Co-op receives two bids in good bank, bad bank scenarios

The Cooperative Central Bank (CCB) announced on Monday it has received two bids as part of its privatisation process launched in March, with one bidder going after the ‘good bank’ scenario just as the European Commission approved the acquisition of Altamira Cyprus by a joint platform with CCB and one of the bidders...

566. Probe into lawyers involved in migrant smuggling rackets

Judicial authorities in northern Greece are investigating the involvement of local lawyers in rackets smuggling migrants and refugees across Greece’s Evros River border from Turkey...

567. Greece, Cyprus and Israel together in Washington

While the leaders of Greece, Cyprus and Israel confirmed once again in Nicosia their strategic choice to follow a common course on a number of issues and to promote cooperation in a series of sectors – leading with energy – diaspora organizations from the three countries organized a joint conference in Washington...

568. Prince Charles: ‘Greece is in my blood’

Ahead of an official visit to Greece, the Prince of Wales referred to his close connection to and “fascination” with the country, saying in exclusive comments to Kathimerini that Greece is “in my blood.”...

569. Greek and Jewish Diaspora team up for Cyprus security

The Greek-American and American Jewish communities have joined forces to promote legislation in the United States that would bolster the security status of Cyprus and block the sale of F-35 fighter jets to Turkey...

570. Greece's new startup culture: technology and seagrass sunglasses

Greek student Stavros Tsompanidis was walking on a beach when he saw a business idea in the piles of dried-up seagrass...