Cyprus Mail newspaper

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Cyprus Mail www.cyprus-mail.com

Thursday, January 10, 2013

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CYPRUS

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Floor exposed for the first time in 10,000 years

Lincoln leads the BAFTA nominations

Shamed Armstrong could come clean in Oprah interview

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Merkel: no special terms for Cyprus German parliament unlikely to back Cyprus bailout ‘at the present time’

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ERMAN Chancellor Angela Merkel said yesterday there could be no special bailout conditions for Cyprus that did not include the need for economic reforms such as privatisations, which have been ruled out by President Demetris Christofias. At the same time, a senior member of Merkel’s centre-right coalition said the German parliament was unlikely to back financial aid for Cyprus at the present time due to concerns about transparency. Merkel, who is expected on the island tomorrow for a gathering of European Union conservative parties, said yesterday there could be no special bailout conditions for Cyprus that did not include the need for economic reforms such as privatisations. “We agree it is important that the troika should talk with Cyprus and that there can be no special conditions for Cyprus because we have common rules in Europe,” Merkel told a news conference. “We are far from the end of the talks.” She was speaking after talks with visiting Maltese Prime Minister Lawrence Gonzi, who said that “privatisations were one of the key elements that allowed Malta to move forward” and make its economy more competitive. Christofias has said that he would not agree to privatisations but it might

not be up to him in the end. German newspaper Handelsblatt reported yesterday that Cyprus can only expect a bailout in early March after the presidential election next month as eurozone finance ministers want to wait to work with Christofias’ successor. “The incumbent Christofias categorically rejects the sale of state companies. “Without privatisation revenues the country cannot be reformed,” the paper quoted sources in Brussels as saying. Earlier before Merkel’s comments, Rainer Bruederle of the Free Democrats (FDP), junior partner in Merkel’s coalition, told Bild newspaper: “There are many question marks regarding Cyprus. On the basis of what we know so far I do not see a majority (in the lower house Bundestag) for financial aid. “If the impression exists that German taxpayers are to be liable for dirty money, the aid would not be manageable or acceptable.” This was an apparent reference to concerns over Cyprus’ popularity as a tax haven for wealthy Russians. Further complicating the outlook for the island, a senior member of Germany’s main opposition Social Democrats (SPD) was quoted yesterday as saying his party would not support financial aid for Cyprus. “As matters stand, I

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COLDEST DAY YET IN WINTER FREEZE

Two boys clean a heavy fall of snow from a car in the Nicosia village of Tembria yesterday after all districts experienced some snowfall and some schools and roads were closed (Christos Theodorides) STORY PAGE 3

London fetes world’s oldest underground railway at 150 By Paul Casciato BRITAIN’S capital began year-long celebrations for the 150th anniversary of the world’s oldest underground passenger railway yesterday with reams of newsprint and plans for exhibitions, books, poetry and a commemorative steam train ride. The rail service known affectionately as the “Tube”, which began in Queen

Victoria’s reign, sheltered Londoners from Hitler’s bombs and has been a familiar friend to millions heading home from work and the pub, celebrated by announcing new trains, increased capacity and more frequent service. “The Tube annihilates distance, liquidates traffic and is the throbbing cardiovascular system of the greatest city on earth,” London Mayor Boris Johnson said in a statement released yesterday by Transport for London (TfL), the authority that runs the

British capital’s buses, trains and the Underground. Over the next 20 years London’s population is expected to grow by well over a million people, underlining the importance of continuing to improve and upgrade the Tube network, TfL said. It said a major upgrade programme, one of the largest and most complex engineering projects in the world, was already providing tangible benefits for

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