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Talks about the bailout started way back in June last year. The former president, Demetris Christofias balked at the measures put forward to help the economy. After he was defeated in that years election by president Nicos Anastsiades, the talks resumed.
Key elements of the deal were that Cyprus had to raise its corporate tax from 10% to 12.5%, privatize state assets and overhaul of its banking system. This was to ensure that their banks were no havens for laundering money. Russia its key ally was expected to make its contribution by reducing the interest rate on the 2.5 billion Euros it had lent them earlier. The contentious issue was that Cypriot bank depositors were forced to take losses on their money. After days of negotiation, it was agreed that a one-off tax of 9.9% would be levied on bank deposits of $130,000 and above while the small depositors would be taxed at 6.75%. Moreover, the country had to wind up Laiki Bank, its second largest bank.
The actions taken by the EU in Greece and Cyprus, has brought about a precedent that other countries should take care not to fall into a financial crisis. It started with Greece where the country took a massive “haircut” on its bond market. Now its Cyprus where bank deposits are being cut in order to finance the debt burden. What next will happen if another country in the euro zone falls into a financial crisis? With Italy’s economy not looking that good, we will have to wait and
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No one wants to be known as the one who delivered the bad news. Although delivering bad news is not fun, someone at sometime in their life has to deliver bad news. Unfortunately in my situation, that bearer of bad news was me. I am the bearer of bad news.
Discourse itself is affected by the social context in which it is used and also by the source and the conditions in which it is delivered. Discourse analysis helps in understanding how language provides meaning to a certain discussion or debate. With the help of this conception, several themes emerge during discourse analysis.
private funding and the degree of media politization.
The United Arab Emirates is a federation consisting of seven autonomous regions, united in 1971. None of them has independent political institutions or political factions, and there is a high degree of centralization and subordination.
Thereafter internet came into exist and now there is immense competition going on between cable news networks' and internet in order to provide the news and information at the same moment as it happens. Moreover cable news networks' were trying to report live telecasts as far as possible to attain upper hand in the media industry.
16). Therefore, news can be considered as the dissemination of events, facts or knowledge from news worthy sources collected from different parts of the world. The broadcasting form of communicating news is through pictorial
This work will make a comparison of newscast from a cable or satellite news, MSNBC and those cast by broadcast networks CBS national news.
The focus of the two newscasts is different because satellite news, MSNBC targets
ng of this process has been faulty during the last eighty years or so; and it is only now that the real underlying mechanism of the working of such batteries is being understood.
The article asserts that the underlying model that was used to described the movement of charges in
Consumers’ ability and willingness to buy a good or a service at a given market is what is generally known as demand (Martha, 1989). Suppliers’ ability and willingness to sell or supply at a specific market on the other hand is known as supply. A favorable