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#1 30-06-2018 08:52:44

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Date d'inscription: 25-08-2015
Messages: 738


Mexico's Eduardo Herrera (front) celebrates his scoring with teammates during the international friendly match against Paraguay Bud Norris Jersey , in the Arrowhead Stadium in Kansas City, United States, on March 31, 2015. (XinhuaNOTIMEX) Mexico's Eduardo Herrera (R front) celebrates his scoring with teammates during the international friendly match against Paraguay, in the Arrowhead Stadium in Kansas City, United States Brandon Phillips Jersey , on March 31, 2015. (XinhuaNOTIMEX)
NICOSIA, Aug. 2 (Xinhua) -- If Cyprus can be an example to judge by, Greece would need many months or even years to lift capital controls imposed at the height of the Greek debt crisis after the banks were closed for three weeks early in July.

Greek banks reopened on July 20, but all capital controls imposed earlier were kept in place, including a daily limit of 60 euros Ben Revere Jersey , or 240 euros per week, in withdrawals from deposits accounts.

Cyprus was bailed out in March, 2013 and its two main banks remained closed for about three weeks and capital controls were introduced.

Bank customers could withdraw 300 euros each day in the aftermath of a bank resolution which included the winding down of the failing Cyprus Popular Bank, known as Laiki and its folding into Bank of Cyprus (BOC).

BOC was forced to recapitalize by seizing 47.5 per cent of deposits over 100,000 euros and turning it into bank stock.

The Cyprus bail-in precedence has been set down by the Eurogroup as the standard method of recapitalizing the Group's "systemic banks" in the future.

Cypriot authorities had said at the time they expected capital controls to be lifted within weeks.

But it took two years - until April, 2015 - to fully lift capital controls Andrew Heaney Jersey , although they were gradually scaled back at the end of each month.

It also took a further recapitalization of Cypriot banks to pass European Banking Authority stress tests in late, 2014.

Greece's Economy Minister Giorgos Stathakis has acknowledged that capital controls will be maintained for "months".

Greek banks are currently kept alive by a 89-billion-euro Emergency Liquidity Assistance offered by the European Central Bank.

Their needs for recapitalizing are being assessed in an ongoing stress test which is expected to be completed by the end of October, according to a decision made by Central Bank governor Yiannis Stournaras and technocrats of international lenders.

Cypriot financial and banking authorities are closely watching developments in the banking system of Greece, as four Greek-owned banks are currently operating in Cyprus, sources in Nicosia said.

They are Piraeus Bank, Alpha Bank Andrelton Simmons Jersey , National Bank of Greece and Eurobank, which are owned by the respective banks in Greece.

Though they account for about only 6 per cent of bank transactions in Cyprus, any serious upheaval in the Greek banking system is bound to have an impact on Cyprus.

The Greek debt crisis in 2012 had a severe impact on Cypriot banks.

Bank of Cyprus and Laiki suffered a combined loss of 4.5 billion euros when Greek bonds were devalued by about 75 per cent - about one quarter of the eastern Mediterranean island's Gross Domestic Product.

This loss was one of the main factors which forced Cyprus to conclude a 10-billion-euro bailout deal with the Eurogroup and the IMF, the other factor being the fact that Cyprus faced a 4-year long recession and was shut out of international markets since 2011.

UNITED NATIONSLOS ANGELES, Feb. 12 (Xinhua) -- Galas and performances were presented Thursday at the UN headquarters in New York and in Los Angeles, celebrating the upcoming Chinese Lunar New Year of the Goat.

At the gala presented at the UN headquarters Albert Pujols Jersey , renowned tenor Warren Mok, violinist Lyu Siqing, popular singer Huo Zun and other artists played their classic pieces.

Chinese Kungfu (martial arts) show, performance of musical instruments like Erhu (a two-stringed bowed musical instrument) and Guzheng (Chinese plucked zither), and classical Chinese dance introduced traditional Chinese culture to the large audience.

"Tonight is special. At the UN headquarters, we perform the Chinese New Year Gala to share with the world our traditional festival Cheap Los Angeles Angels Hats ," said Warren Mok. "As a singer, it's my responsibility to help spread the culture of my country to the whole world."

The gala is initiated by the United Nations Chinese Book Club.

"Tonight's performance is successful. You can see the crowd clapping and cheering from time to time," said Wen Xuejun, president of the club.

"I think the UN is a great platform to spread our culture," Wen said.

Also on Thursday, a Chinese Lunar New Year celebration was held at South Coast Plaza Cheap Los Angeles Angels T-Shirts , a luxury shopping destination in Los Angeles in Southern California.

Hundreds of visitors enjoyed the traditional Chinese art performance, lion dance and traditional Chinese music performance at the six-year-old annual event in the South Coast Plaza to celebrate the Chinese Lunar New Year.

Chinese Beijing Opera actress Sun Ping and her husband Ye Jinsen, who comes from a well-known Beijing Opera family, performed a famous episode of Beijing Opera -- "The Forest of Wild Boars." The face changing performed by a local American artist also won a long standing ovation from the audience.

"We are privileged and honored to have established a close relationship with the Chinese Consulate Office in Los Angeles and enjoy their support of our annual celebration of the Lunar New Year," said Werner Escher, the executive director of Domestic and International Markets of South Coast Plaza.

Meanwhile Cheap Los Angeles Angels Hoodies , Xinhua Gallery held a photo exhibition themed "Explore Beautiful China Along the Silk Road" in collaboration with the China National Tourist Office Los Angeles during the 11-day event at the South Coast Plaza.

The photos show the natural sceneries, profound history, and diversifie. Cheap Mexico Soccer Jerseys   Eliseu Portugal Jersey   Laurent Koscielny France Jersey   Jonjo Shelvey England Jersey   Ivan Strinic Croatia Jersey   Felipe Aguilar Colombia Jersey   Neymar Brazil Jersey   Michy Batshuayi Belgium Jersey   Javier Pastore Argentina Jersey   Fernando Muslera Uruguay Jersey

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