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Michael Sarris

Type: Person

Name: Michael Sarris

First reported May 15 2013 - Updated May 15 2013 - 1 reports

Cyprus Request for Russian Loan Was a Mistake, Sarris Says

Cyprus’s request to Russia for a loan was a "big mistake" that delayed the country in taking the right decisions for its economy, former Cyprus Finance Minister Michael Sarris said.Cyprus should have applied for a loan from the European Stability Mechanism ... [Published BusinessWeek - May 15 2013]

Entities: Michael Sarris, Cyprus, Maria Petrakis, European Financial Stabilisation Mechanism, Emergency Aid

First reported May 06 2013 - Updated May 06 2013 - 1 reports

European Union

Cyprus gets longer to pay back Russian loan

d to push back the pay-back date on a 2.5 billion euro loan it made to Cyprus two years ago. It has also reduced the interest.That money was due to be paid back in five years, but now the maturity date has been extended to seven years. The interest rate ... [Published EuroNews - May 06 2013]

Entities: Cyprus, Michael Sarris, European Union

First reported Apr 28 2013 - Updated Apr 28 2013 - 1 reports

Foreign Correspondent: Cyprus - The Haircut - ABC1 - 30/04/2013 - 8.00pm

Imagine how you'd feel waking up one morning to discover that much of the money you'd put in your bank for safe keeping had been withdrawn. And not just by some opportunistic fraudster. A substantial slice of your savings, your company's accounts, even ... [Published Enhance TV - Apr 28 2013]

Entities: Cyprus, Stephen Long, Michael Sarris

First reported Apr 02 2013 - Updated Apr 03 2013 - 4 reports

Cyprus finance minister resigns

Cypriot finance minister Michael Sarris resigned Tuesday, just days after the country accepted a 10 billion euro bailout to stave off a disorderly banking collapse. ... [Published Latest financial news - CNNMoney.com - Apr 02 2013]

Entities: Resignation, Cyprus, Michael Sarris

First reported Mar 26 2013 - Updated Mar 26 2013 - 4 reports

Cyprus to impose capital controls

Restrictions, unprecedented in history of euro currency, will be evaluated after seven days, says finance minister Michael Sarris ... [Published Financial Times - Europe homepage - Mar 26 2013]

Entities: Cyprus, Michael Sarris

First reported Mar 22 2013 - Updated Mar 23 2013 - 6 reports

Savers

Some Cyprus Savers Could Lose A Quarter Of Their Bank Deposits In New Deal

Savers in Cyprus could face losing one-quarter of their bank deposits under new proposals being discussed by the government as ministers flew to Brussels to salvage a European bailout. The new bank levy would only apply to people with more than €100,000 ... [Published Clusterstock - Mar 23 2013]

Entities: Cyprus, Savers, Nicos Anastasiades, George Vassiliou

First reported Mar 22 2013 - Updated Mar 22 2013 - 3 reports

Russia Rejects Cyprus Rescue Bid

Cypriot lawmakers begin debate on ways to avoid financial collapse as EU deadline looms.Russia spurned Cyprus’s offers of assets for a bailout as the island nation’s lawmakers begin debate on legislation to avert a financial collapse.“I think we aren’t ... [Published Treasury & Risk Management - Mar 22 2013]

Entities: Cyprus, Russia, Michael Sarris

First reported Mar 21 2013 - Updated Mar 21 2013 - 5 reports

Cyprus could become Europe’s Lehman, Russian billionaire warns

The situation in Cyprus kind of reminds me of the situation with Lehman Brothers. Cyprus just messed up Cyprus is undermining trust in European banks and can be likened to Lehman Brothers Inc., whose collapse ignited the 2008 global economic crisis, ... [Published Financial Post - Top Stories - Mar 21 2013]

Entities: Cyprus, Vladimir Potanin, Lehman Brothers Holdings Inc

First reported Mar 20 2013 - Updated Mar 20 2013 - 3 reports

Race on to solve Cyprus crisis before the money runs out

Cypriot politicians were locked in emergency talks with both Russia and the European Union as they scrambled to come up with a new bailout plan to save the country’s economy. The critical talks came after parliament overwhelmingly rejected a measure to ... [Published The Independent - Mar 20 2013]

Entities: Cyprus, Michael Sarris, European Union, Crisis

First reported Mar 20 2013 - Updated Mar 20 2013 - 9 reports

Cyprus loan talks in Moscow constructive, says finance minister

Michael Sarris says there have been 'no offers, nothing concrete' and he will stay in Moscow until a deal is reachedThe Cypriot finance minister ended a day of loan talks in Moscow on Wednesday with no deal to help save the Mediterranean island from a ... [Published Guardian.co.uk - Mar 20 2013]

Entities: Michael Sarris, Moscow, Cyprus

First reported Mar 20 2013 - Updated Mar 20 2013 - 2 reports

Cyprus in urgent talks to avert financial meltdown

President Anastasiades to hold crisis meeting with party leaders after parliament threw out plan to seize €5.8bn from saversThe Cyprus government is in crisis talks today to come up with a plan to secure an emergency bailout package to shore up its banks ... [Published Guardian.co.uk - Mar 20 2013]

Entities: Cyprus, Michael Sarris, Nicos Anastasiades

First reported Mar 16 2013 - Updated Mar 17 2013 - 4 reports

‘This is theft, pure and simple’: Cyprus bail-out slicing average depositors’ savings up to 10%

BRUSSELS — The euro zone struck a deal on Saturday to hand Cyprus a bailout worth €10-billion ($13-billion), but demanded depositors in its banks forfeit some money to stave off bankruptcy despite the risks of a wider run on savings. The eastern Mediterranean ... [Published National Post - Top Stories - Mar 16 2013]

Entities: Cyprus, Greece Bailout, Bail-Out, Eurozone

Quotes

...on Cyprus and the capital-control restrictions have created a type of euro which differs from the currency used in the rest of Europe, Sarris said. "the only euros that are the same as the ones that germans hold are the ones you hold in your pockets" Sarris said

Cyprus Request for Russian Loan Was a Mistake, Sarris Says [Published BusinessWeek - May 15 2013]

"we had a gun to our forehead" the former finance minister, Michael Sarris told me

Cyprus experiment offers no guarantees [Published ABC Online - Apr 30 2013]

"i believe that in order to facilitate the work of investigators the right thing would be to place my resignation at the disposal of the president of the republic, which i did" Mr Sarris said

Cypriot finance minister Michael Sarris resigns [Published RTE Online - Apr 02 2013]

More Content

sort by: Date \| Relevance
Cyprus Request for Russian Loan Was a Mistake, ... [Published BusinessWeek - May 15 2013]
Cyprus gets longer to pay back Russian loan [Published EuroNews - May 06 2013]
Cyprus experiment offers no guarantees [Published ABC Online - Apr 30 2013]
Foreign Correspondent: Cyprus - The Haircut - A... [Published Enhance TV - Apr 28 2013]
Time for a decision for Cyprus talks [Published Turkish Daily - Apr 16 2013]
Cyprus To Face A Bumpy Ride After Rescue: Finan... [Published Action Forex - Apr 15 2013]
The Cyprus-Russia connection: political culture... [Published open Democracy News Analysis - - Apr 08 2013]
GBP/USD – Loses Ground After Recent Gains [Published OANDA Forex Blog - Apr 08 2013]
EUR/USD – Euro Hugging 1.30 Line in Quiet Trading [Published OANDA Forex Blog - Apr 08 2013]
Galvan Week Ahead: Vodafone M&A speculation ens... [Published Proactiveinvestors United Kingdom RSS feed - Apr 06 2013]
Weekly Eurozone Watch (April 5, 2013) [Published The Big Picture Blog - Apr 05 2013]
EUR/USD – Roller Coaster Ride After Draghi Remarks [Published OANDA Forex Blog - Apr 05 2013]
‘Greater Turkiye’ - How the Cyprus-Greece-Israe... [Published St George West - Apr 04 2013]
GBP/USD – Edges Higher as BOE Maintains Course [Published OANDA Forex Blog - Apr 04 2013]
USD/CAD – Rangebound as US Employment Numbers S... [Published OANDA Forex Blog - Apr 04 2013]
AUD/USD – Edges Lower Despite Positive Aussie N... [Published OANDA Forex Blog - Apr 04 2013]
USD/JPY – Jumps as BOJ Announces Bold Easing Moves [Published OANDA Forex Blog - Apr 04 2013]
EUR/USD – Lower as Markets Await ECB Policy Mee... [Published OANDA Forex Blog - Apr 04 2013]
A Line Of Demarcation Through The Eurozone Is T... [Published Zero Hedge - Apr 03 2013]
Wednesday Morning Cheat Sheet: 3 Stories Moving... [Published Wall St. Cheat Sheet - Apr 03 2013]
Cyprus finance minister resigns [Published Latest financial news - CNNMoney.com - Apr 02 2013]
Cypriot finance minister Michael Sarris resigns [Published RTE Online - Apr 02 2013]
Cyprus Finance Minister Sarris Resigns After Br... [Published Bloomberg via Google News - Apr 02 2013]
Cyprus wraps up bailout talks, first aid to arr... [Published Financial Post - Top Stories - Apr 02 2013]
THE CYPRUS FINANCE MINISTER HAS RESIGNED [Published Clusterstock - Apr 02 2013]
Cyprus relaxes some capital curbs in latest decree [Published Financial Post - Top Stories - Apr 02 2013]
Cyprus Banks Reopen After Two Weeks [Published Treasury & Risk Management - Mar 28 2013]
Cyprus to limit withdrawals, ban cheques as it ... [Published Financial Post - Top Stories - Mar 27 2013]
When Is A Euro Not A Euro + CYPRUS: Now 1938 re... [Published St George West - Mar 27 2013]
Europe Day Ahead: Cyprus banks to reopen - but ... [Published Reuters Video: Business - Mar 27 2013]

Blogs

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GBP/USD – Loses Ground After Recent Gains [Published OANDA Forex Blog - Apr 08 2013] GBP/USD continues to be active, and has lost ground in Monday trading. The pair has dropped below the 1.53 line early in the North American session. The pound gained about 150 points last week, as US releases continued to falter . However, it has coughed ...
EUR/USD – Euro Hugging 1.30 Line in Quiet Trading [Published OANDA Forex Blog - Apr 08 2013] EUR/USD took the markets on a roller-coaster ride late last week, but has settled down and is trading close to the 1.30 level in Monday trading. The euro enjoyed a nice rally last week, climbing close to two cents against the US dollar. Monday is a quiet ...
Weekly Eurozone Watch (April 5, 2013) [Published The Big Picture Blog - Apr 05 2013] Key Data Points German 10-year Bund 8 bps lower;France 20 bps tighter to the Bund;Belgium 18 bps tighter;Ireland 10 bps tighter;Italy 30 bps tighter;Spain 23 bps tighter;Portugal 7 bps wider;Greece 21 bps tighter; Large Eurozone banks weekly change, 1.41 ...
EUR/USD – Roller Coaster Ride After Draghi Remarks [Published OANDA Forex Blog - Apr 05 2013] EUR/USD displayed strong volatility on Thursday, following the ECB rate announcement and comments by ECB head Mario Draghi at a press conference. The euro dropped sharply but roared back and closed above the 1.29 line. Almost forgotten in the excitement ...
‘Greater Turkiye’ - How the Cyprus-Greece-Israe... [Published St George West - Apr 04 2013] Israel/Turkey rapprochement as everyone wins except the Cypriots and Greeks The Slog: I made a boob yesterday by thinking the arrest of Michael Sarris by Turkish officials for allegedly ‘cruising’ with a rent-boy in Turkish Cyprus (TRNC) was ...

Audio/Video

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Europe Day Ahead: Cyprus banks to reopen - but ... [Published Reuters Video: Business - Mar 27 2013]
Europe Day Ahead: Cyprus banks to reopen - but ... [Published Reuters Video: Top News - Mar 27 2013]
'New beginning' for bailed out Cyprus [Published CNN.com - Video - Mar 25 2013]