In­ter­est rate wars, re­move troops says Peres

Financial Mirror (Cyprus) - - FRONT PAGE -

Banks and in­sur­ance com­pa­nies were squab­bling over the fall­out from lower in­ter­est rates, while across the sea in Jor­dan, Is­rael’s then-For­eign Min­is­ter Shi­mon Peres said that de­mil­i­tari­sa­tion was the best so­lu­tion for both Cyprus and the Mid­dle East, ac­cord­ing to the is­sue 134, on Novem­ber 1, 1995.

The Mo­nop­o­lies Com­mis­sion was hear­ing com­plaints from in­sur­ance com­pa­nies who, as the big­gest de­pos­i­tors in banks, claimed to lose

Lower

rates:

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