CB boss to meet eurozone ambassadors

CENTRAL Bank Governor Panicos Demetriades will on Monday meet the ambassadors of eurozone member-states in a bid to convince them of his determination to consolidate the island’s financial sector.

Reports said the issue of money laundering will also be discussed in light of  recent foreign media reports.

There have been several articles in the German press recently with European politicians expressing concern over handing bailout money to Cyprus when there were question marks over Russian money and allegations of money laundering.

Early in December last year, German Finance Minister Wolfgang Schaeuble said: “We expect complete financial transparency from Cyprus relating to money laundering issues, which fulfil EU standards and international requirements.” 

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.