453 mln from Troika

Financial Mirror (Cyprus) - - FRONT PAGE -

de­vel­op­ers, loans granted with­out ad­e­quate mort­gage val­ues, and banks’ ex­po­sure to bad debt.

This data, said EDEK, would make it pos­si­ble to dis­tin­guish be­tween vi­able and non-vi­able bor­row­ers, in con­trast to the govern­ment’s pro­posed leg­is­la­tion which “in­dis­crim­i­nately” lumps all debtors in the same bas­ket.

Mean­while, about 15 or­gan­i­sa­tions and civil so­ci­ety groups, headed by the pro-com­mu­nist trade union PEO, held a joint meet­ing and elected a steer­ing com­mit­tee, with a joint dec­la­ra­tion and a pro­gramme of demon­stra­tions to be an­nounced on Au­gust 12, lead­ing up to a mass rally later in the month, de­pend­ing on when the bill will be pre­sented to par­lia­ment.

At the same time, Bank of Cyprus CEO John Houri­can has stated in sep­a­rate me­dia in­ter­views that he does not want to


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