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Ban report: both leaders have failed to deliver

A CRITICAL window of opportunity to resolve the Cyprus issue is rapidly closing while negotiations remain sluggish, frustratingly slow and disappointing, UN Secretary-General Ban Ki-moon has concluded in his long-awaited report on his Good Offices Mission.

The 10-page report to the Security Council, released late last night gives a rundown on what the UN expected from the leaders based on their commitment, and what they failed to deliver.

It also said the property differences were currently irreconcilable and urged the two leaders to come up with a convergence plan by the end of January when Ban will meet them in Geneva.

Our View: What would be the alternative to the euro experiment?

IRELAND’S government is expected to publish a new austerity plan that would pave the way for an IMF and EU bailout believed to be worth €85 billion. It is believed that about €35 billion would be used to prop up the country’s troubled banks in which the government had already invested €45bn while the remainder would cover the state’s other funding obligations.

Ireland is the second euro-zone country, after Greece, to ask for a bailout and does not look like it will be the last. According to the BBC, Spanish government yields also rose suggesting that markets doubt that the country would be able to tackle its high budget deficit without seeking help from the IMF and the EU.

Freeing women from the nightmare of violence

VIOLENCE against women touches the island of Cyprus just as it does every other nation. Gender-based violence is a global pandemic that cuts across all borders – ethnic, racial, class, religious, and educational level.  It can threaten women and girls at any point in their life cycle – from female foeticide, to inadequate access to education, healthcare and nutrition, to child marriage, sex trafficking, so-called “honour” killings, dowry-related murder, domestic violence, rape, and the neglect and ostracism of widows.

Less talk and more action needed on the economy

THE DOWNGRADE of the rating of Cyprus by Standard & Poor’s due to the likely difficulties of banks in Cyprus aggravates the problem of the cost of their own borrowing.  While the deposits/loans ratio has been fairly supportive of banks hitherto it is arguable whether this will continue to be the case as the deposit base of Cyprus can only grow modestly as the economy remains slack and hot money from deposits from overseas holders is not a sound basis to extend credit for long term.

All this means higher interest margins will be charged by banks in Cyprus or banks will reduce lending or both.

CY introducing tough new baggage rules

CYPRUS Airways (CY) yesterday announced major changes to its baggage policies as of next Wednesday, bringing them more in line with what international airlines do rather than the often more customer-friendly practices the national carrier has been known for.

Although the dimensions allowed for bags and suitcases has not changed, no longer will passengers be able to slip by a few extra kilos. From a 25kg allowance, economy travellers will now be allowed to carry only 23kg free of charge plus a 6kg item of hand luggage.

“Hand bagagge must be able to be fitted into the cabin’s overhead lockers and lifted unaided,” the airline’s new manifest said. “Larger hand bags than those specified in the table above, should be carried as extra checked baggage items.”

Bases rubbish chemtrail claims

THE BRITISH bases yesterday rubbished claims by Green party MP George Perdikis that they were conducting experiments which involved the spraying of chemicals from aircraft to influence the weather.

“The British Bases would like to make it clear that no such experiments have ever taken place by any aircraft operating from RAF Akrotiri,” said a statement from the bases.

It said the trails left behind by planes were “condensation trails” or contrails which form when exhaust gases from passing passenger jet engines combine with very cold, humid air at high altitude.”

‘I will speak for the poor’ says would-be MP Fanieros

A WELL-KNOWN Larnaca businessman whose interests were targeted by a police anti-gambling raid over the weekend announced yesterday he would be running for a seat in parliament next year.

“It makes me think. Maybe they heard I will be standing as an independent candidate and they want to silence me,” Antonis Fanieros told reporters yesterday. “I will speak in parliament for the common people, the poor, who are not allowed to voice their complaints.”

Fanieros denied being involved with online gambling and a much-publicised extrajudicial ring that collects private debts.

He said a woman had simply asked for his help in collecting a debt and he invited the debtor for coffee. There, they agreed for the debtor to pay off his debt in three months.

Christofias slammed for reference to ‘Facebook fascist’ in Greek parliament

PRESIDENT Demetris Christofias was slammed by critics yesterday for referring to online fascist videos during his historic address to the Hellenic Parliament in Athens.

Christofias became the first Cypriot president to address the Hellenic Parliament to mark 50 years of the Cyprus Republic.

During his speech, he made reference to the coup by the Greek junta, and subsequent Turkish invasion, saying that some had not learned from the past.

He referred specifically to the appearance in Cyprus of “destructive” mentalities of extreme organisations like Chrysi Avgi (Golden Dawn) and others.

‘Why is the bank coming after me?’

The head of an association that fights for the rights of divorced women said yesterday that Alpha Bank was pursuing her to pay off her ex husband’s €1.7 million in debts, even though he was not bankrupt, and had assets that could be sold.

Loulla Savvidou, head of the Pancyprian Divorced Women’s Association, had signed as a guarantor for the loan but she said that in 2003 when she divorced, she immediately took action in order to be removed as his guarantor and as guarantor for his businesses.