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2017 | OriginalPaper | Chapter

8. A Bank Run and a Tearful Agreement

Author : Panicos Demetriades

Published in: A Diary of the Euro Crisis in Cyprus

Publisher: Springer International Publishing

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Abstract

November 2012 was a tough month. The troika descended on Cyprus but the negotiations started falling apart. President Christofias and his labour minister were reluctant to accept the labour reforms. There was also disagreement over other reforms, ranging from the management of gas reserves to privatisation of the ports, telecommunications and electricity.

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Appendix
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Footnotes
1
The Eurogroup terms of reference of 21 January 2013 on Cyprus (see Appendix) also called for the final agreement to ‘provide for a close monitoring of the anti-money laundering and tax transparency frameworks and their implementation’.
 
Metadata
Title
A Bank Run and a Tearful Agreement
Author
Panicos Demetriades
Copyright Year
2017
DOI
https://doi.org/10.1007/978-3-319-62223-1_8