Cyprus to guarantee deposits up to €100,000

THE government said yesterday it would guarantee all bank deposits up to €100,000, as interests rates were slashed globally and world markets, including Cyprus, continued to tumble.

Former policeman arrested in cocaine sting

A FORMER policeman believed to be connected to an international drug trafficking ring was arrested on Tuesday night.

In a police sting that began at Tuesday noon and ended yesterday morning in Larnaca and Nicosia, police arrested four people on suspicion of possessing and selling cocaine.

Europe and the Mediterranean

A HIGH profile two-day conference on ‘The Mediterranean and the new Euro-Mediterranean perspectives’ opens today in Nicosia.

The conference, organised by the Daedalos Institute of Geopolitics in Cyprus’ will be opened by Foreign Minister Marcos Kyprianou with a keynote address by Hesham Youssef, Chief of the Cabinet of the Secretary General of he Arab League of Nations.

Boy of two fighting for his life after being rescued from fire

A TWO-YEAR-old Nicosia boy is in a critical condition after being rescued by fire fighters from his blazing home in Lakatamia yesterday morning.

The little boy, who was fast asleep in his bedroom on Paphos Street in Lakatamia, ingested a lot of fumes and suffered acute respiratory failure, which effectively caused his heart to stop.

Elders bring peace message to the children

EFFORTS to resolve the decades-old division of Cyprus received a boost yesterday with the visit of elder statesmen Reverend Desmond Tutu, former US president Jimmy Carter and former Algerian foreign minister Lakhdar Brahimi, who began their two-day tour of the divided island by meeting, not the leaders of the rival Greek and Turkish Cypriot communities, but a group of school students.

Ministry plays down claims of expat school disruption

THE EDUCATION Ministry yesterday played down a report that British expat pupils were disrupting a Paralimni high school.

An article in Politis yesterday claimed that antisocial behavior by the pupils was affecting the safety and well being of teachers and fellow students at the school.

Central Bank flattens Greek bank rumour

GREEK banks operating on the island yesterday assured customers and depositors that their money was in safe hands and they had nothing to fear from the ongoing global credit crunch.

The reassurance came a day after alarmist allegations by AKEL deputy Stavros Evagorou, claiming to have information that a subsidiary of a Greek bank in Cyprus was in imminent danger of collapse.

Angry minister steps in to sort out hospital row

THE row between Nicosia hospital’s orthopaedic and radiography departments was yesterday put to rest, Health Minister Christos Patsallides said.

Nevertheless the minister expressed his displeasure that it was him who had to be called in to terminate the ongoing dispute.