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A FIRE which broke out at around 5.50pm on Sunday in a house in Dali is thought to be an arson attack.The fire, that was put out by members of the fire department, partly damaged the wooden ceiling and part of the plaster wall.Factory made fireworks found at the scene show that the fire was caused by arson.The Pera Chorio Nisou police department is continuing investigations... Read on
PARLIAMENT last night ratified the island’s EU bailout amid warnings that tougher times lie ahead for Cypriots, already suffering from the effects of a deep recession.With a thin majority of just two votes, lawmakers approved terms accompanying €10 billion in aid from the European Union and the International Monetary Fund (IMF).In a show of hands, 29 MPs – DISY, DIKO, and EVROKO -- the three parties in the government approved the motion, with 27 – AKEL, EDEK, Greens and two others -- voting against.Government officials had warned the island would fall into chaotic default, unable to pay salaries or pensions, as early as next month without emergency funding... 16 comments
PARLIAMENT yesterday demanded a list of names of people who transferred money out of Cyprus before a March 15 Eurogroup decision to impose a tax on depositors that sparked a crisis that threatens to kill the island’s banking system.Speaking after a five-hour meeting, the chairman of the House Institutions Committee said they needed more information on the matter.“An investigation is also needed on whether the government was informed – both the former and the current administrations – about many important issues that, which created the problem in the banking system, especially at Laiki,” Demetris Syllouris said... 22 comments
AROUND 1,000 people gathered outside Parliament yesterday despite a vote on the proposed haircut being postponed until today at 6pm. Around half of the protesters dispersed quite quickly after receiving news that the vote had been put back, planning on regrouping outside the House today. “I’m here for the same reason as everyone else to protest the bill and we will come tomorrow and the next day if required,” 56-year-old insurance salesman Lambros Kannaouros said. “The decision to make the people pay is unfair,” he added... 15 comments