Cyprus Archives - IREF Europe https://en.irefeurope.org/tag/cyprus/ Independent research and policy analysis on fiscal, monetary, and regulatory issues in Europe Wed, 08 Mar 2023 08:44:23 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.2 https://en.irefeurope.org/wp-content/uploads/sites/3/2026/04/IREF-LinkedIn-Profile-DarkBlue-scaled.png Cyprus Archives - IREF Europe https://en.irefeurope.org/tag/cyprus/ 32 32 Capital Control: A Threat on Free Markets https://en.irefeurope.org/publications/online-articles/article/capital-control-a-threat-on-free-markets/?utm_source=rss&utm_medium=rss&utm_campaign=capital-control-a-threat-on-free-markets https://en.irefeurope.org/publications/online-articles/article/capital-control-a-threat-on-free-markets/#respond Thu, 28 Mar 2013 11:40:17 +0000 https://en.irefeurope.org/publications/online-articles/capital-control-a-threat-on-free-markets/ This is an unexpected outcome of the Cypriot “bail out – bail in”. The fact that the Cypriot Government is now able to control money transfers and cash withdrawals is a threat for the European market. Can it still be called a free market if restrictions are applied on the ability to move money? Isn’t it also a denial of property rights?

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]]> https://en.irefeurope.org/publications/online-articles/article/capital-control-a-threat-on-free-markets/feed/ 0 Cypriot Crisis: The Rise of the German Economic Governance https://en.irefeurope.org/publications/online-articles/article/cypriot-crisis-the-rise-of-the-german-economic-governance/?utm_source=rss&utm_medium=rss&utm_campaign=cypriot-crisis-the-rise-of-the-german-economic-governance https://en.irefeurope.org/publications/online-articles/article/cypriot-crisis-the-rise-of-the-german-economic-governance/#respond Tue, 26 Mar 2013 16:52:42 +0000 https://en.irefeurope.org/publications/online-articles/cypriot-crisis-the-rise-of-the-german-economic-governance/ The Cypriot crisis has enthroned Germany has the leading European country. European economics are likely to be German driven from now on. Thus, fiscal profligacy or faulty business models are considered to have caused the recent crisis and the German cure to this is clear: austerity and structural reforms must be enforced. Cyprus was first on the list.

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]]> https://en.irefeurope.org/publications/online-articles/article/cypriot-crisis-the-rise-of-the-german-economic-governance/feed/ 0 Bail Out and Bail In: Two Solutions for Cyprus https://en.irefeurope.org/publications/online-articles/article/bail-out-and-bail-in-two-solutions-for-cyprus/?utm_source=rss&utm_medium=rss&utm_campaign=bail-out-and-bail-in-two-solutions-for-cyprus https://en.irefeurope.org/publications/online-articles/article/bail-out-and-bail-in-two-solutions-for-cyprus/#respond Wed, 13 Mar 2013 12:21:56 +0000 https://en.irefeurope.org/publications/online-articles/bail-out-and-bail-in-two-solutions-for-cyprus/ If an agreement could not be found with the previous Cyprus communist-led government, negotiations resumed intensively between the Troika of European Union, International Monetary Fund and the European Central Bank and the newly elected President Nicos Anastasiades. The Euro zone is again at stake: Cyprus’ bailout would amount to 17 billion euros, equal to Cyprus’ annual economic output. But would it be able to repay?

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]]> https://en.irefeurope.org/publications/online-articles/article/bail-out-and-bail-in-two-solutions-for-cyprus/feed/ 0 Cyprus’ Bailout https://en.irefeurope.org/publications/online-articles/article/cyprus-bailout/?utm_source=rss&utm_medium=rss&utm_campaign=cyprus-bailout https://en.irefeurope.org/publications/online-articles/article/cyprus-bailout/#respond Thu, 07 Mar 2013 17:42:46 +0000 https://en.irefeurope.org/publications/online-articles/cyprus-bailout/ The European Union is about to bail out Cyprus but no details on how it could be done are released yet. Joerg Asmussen, ECB board member, announced that “the troika of European Union, International Monetary Fund and the European Central Bank would send a mission of experts to Cyprus on Tuesday for a technical analysis of the country's financing needs and to get a better understanding of the new Cypriot government.” Owing to the importance of the event for the Euro zone, it is worth reminding what Enrico Colombatto, IREF scientific director, wrote on Cyprus’ bailout.

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