Cyprus Mail www.cyprus-mail.com
Thursday, January 31, 2013
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Russia willing to help with bailout Signs that German objections have weakened due to some EU pressure By George Psyllides
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USSIA is prepared to contribute towards Cyprus’ bailout, along with the European Union, President Demetris Christofias said yesterday, as reports also suggested that German objections had weakened. The island’s predicament was the subject of a phone call between Christofias and Russian President Vladimir Putin who expressed his country’s readiness to chip in, along with international lenders. “President Putin assured me that the Russian Federation is ready to contribute with the European Union in the financing of Cyprus,” Christofias was quoted as telling reporters during a visit to Belgrade yesterday. “The Russian finance ministry is in touch with the European Commission and I hope that this matter will soon close in a positive way.” Christofias said he spoke to Putin by phone on Tuesday evening. A government source told Reuters that Putin made the call. Talks between Cyprus and international lenders have been complicated by the sheer size of the bailout, which could equal the €17.5 billion size of the Cypriot economy, and German misgivings about the island’s commitment to financial transparency because of its close ties with Russia. Christofias avoided get-
ting drawn into a discussion concerning the debt’s sustainability following a bailout. “I just wanted to give this message to the Cypriot people. The details can be left to the experts. I strongly believe that this assistance can save us,” he said. The president was quick to add that that would not mean Cyprus would not meet its obligations concerning the structural changes it needs to put in place, and repaying potential loans. It was not immediately clear what form any Russian assistance would take. Cyprus had requested a €5.0 billion loan from Russia last year, which Moscow has so far declined to grant. The island has also asked for a five-year extension in repaying a 2011 €2.5 billion loan to Moscow, to 2021, from 2016. Asked about the possibility of Russia granting Cyprus an extension on its five-year loan, German finance ministry spokesman Martin Kotthaus said any contribution from noneurozone countries with a stake in Cyprus was welcome. Last week, European Economic and Monetary Affairs Commissioner Olli Rehn told Reuters he believed it was only fair Russia make a contribution to the bailout effort because of the significant Russian business presence on the island. That presence has raised concerns in Germany,
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REPRINTING OF BALLOT PAPERS UNDERWAY
An official examines a newly-printed ballot paper yesterday as work got underway to reprint over 500,000 copies after the unauthorised use of the Guinness World Records logo by one of the 11 candidates in the February 17 presidential electons (Christos Theodorides) SEE STORY PAGE 3
Prince Charles takes his first Tube trip since 1986 By Estelle Shirbon FOUR million Londoners cram onto the city’s Underground passenger railway nearly every day, but it is a rarer event for Prince Charles. He rode the British capital’s bustling commuter network yesterday for the first time since 1986. The heir to the British throne and his wife Camilla took a one-stop journey from Farringdon to King’s Cross on the Metropolitan Line as part of cele-
brations to mark the 150th anniversary of a transport service affectionately known to Britons as the Tube.
SHORT JOURNEY The short journey was a rare enough event to cause some confusion at the Prince’s press office, which initially said he had last ventured onto the Tube in 1979. “This is just to let you know that it has come to our attention that the Prince of Wales has travelled on the London
Underground more recently than 1979. In 1986 The Prince and Princess of Wales travelled by tube to Heathrow Airport to open Terminal 4,” a spokeswoman said in an email to media. “We’re sorry that our previous information was incorrect. Our archives of Royal engagements prior to 1988 are not computerised and in this particular instance a search under ‘The Prince of Wales takes the Tube’ did not bring up an event which had been logged as the ‘official opening of Terminal 4’.”