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>> NICOS ANASTASIADES Latest News

MAR 31, 2013 - The Guardian

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Cyprus bets on casinos to help boost economy after savings raid

President braves wrath of Orthodox church by including plan to lift ban on gambling among his initiatives to rescue economyCyprus is to lift a ban on casinos as part of measures to counter the economic shock of a much larger than expected 60% raid on the savings of the island's most wealthy depositors.President Nicos Anastasiades outlined a 12-point plan to rescue the troubled economy before travelling to Athens, where he was reported to be meeting the Greek prime minister to petition for €2bn in aid, despite Greece's own economic collapse.The Cypriot bailout is the first eurozone rescue ... Read More

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