ECB council meets in Nicosia

The European Central Bank governing council is meeting in Nicosia on Thursday and is set to reveal details of plans to buy €1.1 trillion worth of eurozone assets as part of its landmark quantitative easing programme.

Greece is also likely to be a priority issue on the agenda of the meeting.

The ECB’s governing council has traveled to Cyprus for one of its twice-yearly meetings away from its base in Frankfurt. A news conference will follow the meeting.

Yesterday, thousands of protesters took part an anti–austerity rally outside the Philoxenia conference centre in Nicosia, the venue of Thursday’s meeting.

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.