Cyprus: Status of U.N. Negotiations
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Independent Due Diligence of the Banking System of Cyprus
PIMCO Europe Ltd 11 Baker Street London W1U 3AH England Tel: +44 20 3640 1000 Independent Due Diligence of the Banking System of Cyprus March 2013 Legal Disclaimer and Limiting Conditions This report sets forth information contemplated by the engagement of PIMCO Europe Ltd (together with its affiliates, “PIMCO”) by the Steering Committee (as defined herein) and is prepared in the form contemplated by the agreement between PIMCO Europe Ltd and the Central Bank of Cyprus (the “Agreement”). This report is intended to be read and used as a whole and not in parts. Separation or alteration of any section or page from the main body of this report is expressly forbidden. This report has been prepared exclusively for the Steering Committee. There are no third party beneficiaries with respect to this report, and PIMCO expressly disclaims any liability whatsoever (whether in contract, tort or otherwise) to any third party. PIMCO makes no representation or warranty (express or implied) to any third party in relation to this report. A decision by the Steering Committee to release this report to the public shall not constitute any permission, waiver or consent from PIMCO for any third party to rely on this report. Access to this report and its use by any third party implies acceptance by the third party of the terms and conditions contained in this section and other parts of this report. This report is, in all cases, subject to the limitations and other terms and conditions set forth herein and in the Agreement, in particular exclusions of liability. This report has been produced by using and in reliance on information furnished by third parties, including the Central Bank of Cyprus and the Participating Institutions to which this report relates. -
NATO Expansion: Benefits and Consequences
University of Montana ScholarWorks at University of Montana Graduate Student Theses, Dissertations, & Professional Papers Graduate School 2001 NATO expansion: Benefits and consequences Jeffrey William Christiansen The University of Montana Follow this and additional works at: https://scholarworks.umt.edu/etd Let us know how access to this document benefits ou.y Recommended Citation Christiansen, Jeffrey William, "NATO expansion: Benefits and consequences" (2001). Graduate Student Theses, Dissertations, & Professional Papers. 8802. https://scholarworks.umt.edu/etd/8802 This Thesis is brought to you for free and open access by the Graduate School at ScholarWorks at University of Montana. It has been accepted for inclusion in Graduate Student Theses, Dissertations, & Professional Papers by an authorized administrator of ScholarWorks at University of Montana. For more information, please contact [email protected]. ■rr - Maween and Mike MANSFIELD LIBRARY The University of M ontana Permission is granted by the author to reproduce this material in its entirety, provided that this material is used for scholarly purposes and is properly cited in published works and reports. **Please check "Yes" or "No" and provide signature** Yes, I grant permission X No, I do not grant permission ________ Author's Signature; Date:__ ^ ^ 0 / Any copying for commercial purposes or financial gain may be undertaken only with the author's explicit consent. MSThe»i9\M«r«f»eld Library Permission Reproduced with permission of the copyright owner. Further reproduction prohibited without permission. Reproduced with permission of the copyright owner. Further reproduction prohibited without permission. NATO EXPANSION: BENEFITS AND CONSEQUENCES by Jeffrey William Christiansen B.A. University of Montana, 2000 presented in partial fulfillment of the requirements for the degree of Master of Arts The University of Montana 2001 Approved by: hairpers Dean, Graduate School 7 - 24- 0 ^ Date Reproduced with permission of the copyright owner. -
Reconstructing a Reunited Cyprus
Report-The day after-2 ENG:Layout 1 1/21/09 2:33 PM Page I The day after II Reconstructing a reunited Cyprus By PRAXOULA ANTONIADOU KYRIACOU ÖZLEM OĞUZ FIONA MULLEN PCC Paper 1/2009 Report-The day after-2 ENG:Layout 1 1/21/09 2:33 PM Page II Institutt for fredforskning International Peace Research Institute, Oslo (PRIO) Hausmanns gate 7, NO-0186 OSLO, Norway Tel. +47 22 54 77 00 Fax +47 22 54 77 01 Email: [email protected] Web: www.prio.no PRIO encourages its researchers and research affiliates to publish their work in peer-reviewed journals and book series, as well as in PRIOʼs own Report, Paper and Policy Brief series. In editing these series, we undertake a basic quality control, but PRIO does not as such have any view on political issues. We encourage our researchers actively to take part in public debates and give them full freedom of opinion. The responsibility and honour for the hypotheses, theories, findings and views expressed in our publications thus rests with the authors themselves. Disclaimer As a piece of independent research, the opinions and terminology contained in this report do not necessarily reflect the views of the British High Commission, which funded the research. Views and opinions expressed in this report are those of the authors and not of any companies or organizations with which they may have professional connections. © International Peace Research Institute, Oslo (PRIO), 2009 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or utilized in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without permission in writing from the copyright holder(s). -
Is the Turkish Cypriot Population Shrinking?
CYPRUS CENTRE 2/2007 REPORT 2/2007 Is the Turkish Cypriot Population Shrinking? Shrinking? Cypriot Population Turkish Is the The demography of north Cyprus is one of the most contested issues related to the island’s division. In particular, the number of indigenous Turkish Cypriots and Turkish immigrants living in the north has long been a source of dispute, not only among the island’s diplomats and politicians but also among researchers and activists. Until recently, the political use of demog- raphy has hindered comprehensive study of the ethno-demographic make-up of the north, while at the same time making a thorough demographic study all the more imperative. The present report addresses this situation by providing an analysis of the results of the 2006 census of north Cyprus, comparing these fi gures with the results of the previous census. The report focuses mainly on identifying the percentage of the population of north Cyprus who are of Turkish-mainland origin and also possess Turkish Cypriot citizenship – an important factor given claims that such citizens play an signifi cant role in elections in the north. In addi- tion, the report examines the arrival dates of Turkish nationals in order to analyze patterns of migration. This, in turn, is indicative of the numbers of naturalized Turkish Cypriot citizens who have arrived in Cyprus as part of an offi cial policy. The report also presents estimates for Turkish Cypriot emigration to third countries, based on immigration and census fi gures from the two main host countries: the United Kingdom and Australia. Following analysis of these latter fi gures and the results of the 2006 census, it is argued that claims of massive emigration by Turkish Cypriots to third countries are largely misleading. -
Accession Treaty
23.9.2003EN Official Journal of the European Union 17 TREATY BETWEEN THE KINGDOM OF BELGIUM, THE KINGDOM OF DENMARK, THE FEDERAL REPUBLIC OF GERMANY, THE HELLENIC REPUBLIC, THE KINGDOM OF SPAIN, THE FRENCH REPUBLIC, IRELAND, THE ITALIAN REPUBLIC, THE GRAND DUCHY OF LUXEMBOURG, THE KINGDOM OF THE NETHERLANDS, THE REPUBLIC OF AUSTRIA, THE PORTUGUESE REPUBLIC, THE REPUBLIC OF FINLAND, THE KINGDOM OF SWEDEN, THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND (MEMBER STATES OF THE EUROPEAN UNION) AND THE CZECH REPUBLIC, THE REPUBLIC OF ESTONIA, THE REPUBLIC OF CYPRUS, THE REPUBLIC OF LATVIA, THE REPUBLIC OF LITHUANIA, THE REPUBLIC OF HUNGARY, THE REPUBLIC OF MALTA, THE REPUBLIC OF POLAND, THE REPUBLIC OF SLOVENIA, THE SLOVAK REPUBLIC, CONCERNING THE ACCESSION OF THE CZECH REPUBLIC, THE REPUBLIC OF ESTONIA, THE REPUBLIC OF CYPRUS, THE REPUBLIC OF LATVIA, THE REPUBLIC OF LITHUANIA, THE REPUBLIC OF HUNGARY, THE REPUBLIC OF MALTA, THE REPUBLIC OF POLAND, THE REPUBLIC OF SLOVENIA AND THE SLOVAK REPUBLIC TO THE EUROPEAN UNION HIS MAJESTY THE KING OF THE BELGIANS, THE PRESIDENT OF THE CZECH REPUBLIC, HER MAJESTY THE QUEEN OF DENMARK, THE PRESIDENT OF THE FEDERAL REPUBLIC OF GERMANY, THE PRESIDENT OF THE REPUBLIC OF ESTONIA, THE PRESIDENT OF THE HELLENIC REPUBLIC, HIS MAJESTY THE KING OF SPAIN, THE PRESIDENT OF THE FRENCH REPUBLIC, THE PRESIDENT OF IRELAND, THE PRESIDENT OF THE ITALIAN REPUBLIC, THE PRESIDENT OF THE REPUBLIC OF CYPRUS, THE PRESIDENT OF THE REPUBLIC OF LATVIA, THE PRESIDENT OF THE REPUBLIC OF LITHUANIA, HIS ROYAL HIGHNESS THE -
Nato and Eu: Towards a Constructive Relationship?
between the two organisations on the ground. The question that has to be asked, therefore, is if it is really the case that the establishment of a constructive relationship between NATO and the COMMON SECURITY AND DEFENCE POLICY EU is in effect being held hostage to the long-standing disagreements about Cyprus. NATO and EU: Two planets in the same city Towards a Constructive Relationship? Trine Flockhart Senior Researcher, DIIS The relationship between NATO and the EU has never been a close one as the two organisa- tions have historically tended to focus on different agendas and different policy areas, roughly divided between a focus on economic and development issues and a focus on military and security issues. However, after a rather unconstructive and competitive relationship during most of the 1990s, the first decade of the 21st century has witnessed convergence between the two organisations. Through the successful establishment of the European Security and he security challenges of the 21st century are likely to be both multifaceted, highly complex Defence Policy (ESDP) in 1999, the EU has taken on a much greater role as a security actor, and of an increasingly interdependent and global nature. The international community whereas NATO’s experience in the Balkans and Afghanistan has clearly revealed that military T is therefore faced with problems that cannot easily fit into traditional boxes and which solutions alone cannot bring peace and prosperity to post-conflict societies. require a so-called comprehensive approach, with emphasis on cooperation between different international actors and between different agencies across the traditional divides that separate Convergence between the two organisations in policy areas has been accompanied by geo- civilian and military approaches. -
15 June 2004 Excellency, Thank You for Your Letter of 7 June 2004
06/14/2004 MON 17:24 FAI 1 212 963 3829 1002 THE 15 June 2004 Excellency, Thank you for your letter of 7 June 2004, about my report on my good offices mission on Cyprus (S/2004/437), dated 28 May 2004, and our meeting of 3 June 2004. As you will have inferred from my report, I take a different view from you on most of the ground covered in your letter and its annex. I do stand fully by my report, including the narrative and the analysis contained therein, the appeals 1 have formulated and the recommendations I have put forward, to which I hope the Greek Cypriot side will respond positively, it follows that 1 do not share your characterization of the conduct of the effort by the United Nations. Please accept, Excellency, the assurances of my highest consideration. Kofi A. Annan His Excellency Mr. Tassos Papadopoulos Nicosia 06/14/2004 MON 17:24 FAX 1 212 963 3828 1003 H 6 H 1 If JUN U2004 Note to Mr Riza EXEC_. LETTER TO MR PAPADOPOULOS OFTHESECfl Thank you for Informing me of the Secretary-General's preference not to /f sign the draft letter to Mr Papadopoulos that I sent for his consideration /I last week. I understand the Rrtocrjpolemics with / ree with him. That is why, in my earlier note informing him of Mr Papadopoulos' letter (and despite my inclination to demolish him point-by-poiut) I recommended a very restrained response, avoiding to engage him on the substance. The purpose of the very spare draft i seint, with the improvements suggested "by Mr Prendergastj was jrjcis«^MSit'ojf cutting off P?teroics_and bringing closure while at the same timei dispetllng" aiiy impression that we acquiesce to Papadopbuios' arguments. -
The Gordian Knot: American and British Policy Concerning the Cyprus Issue: 1952-1974
THE GORDIAN KNOT: AMERICAN AND BRITISH POLICY CONCERNING THE CYPRUS ISSUE: 1952-1974 Michael M. Carver A Thesis Submitted to the Graduate College of Bowling Green State University in partial fulfillment of The requirements for the degree of MASTER OF ARTS May 2006 Committee: Dr. Douglas J. Forsyth, Advisor Dr. Gary R. Hess ii ABSTRACT Douglas J. Forsyth, Advisor This study examines the role of both the United States and Great Britain during a series of crises that plagued Cyprus from the mid 1950s until the 1974 invasion by Turkey that led to the takeover of approximately one-third of the island and its partition. Initially an ancient Greek colony, Cyprus was conquered by the Ottoman Empire in the late 16th century, which allowed the native peoples to take part in the island’s governance. But the idea of Cyprus’ reunification with the Greek mainland, known as enosis, remained a significant tenet to most Greek-Cypriots. The movement to make enosis a reality gained strength following the island’s occupation in 1878 by Great Britain. Cyprus was integrated into the British imperialist agenda until the end of the Second World War when American and Soviet hegemony supplanted European colonialism. Beginning in 1955, Cyprus became a battleground between British officials and terrorists of the pro-enosis EOKA group until 1959 when the independence of Cyprus was negotiated between Britain and the governments of Greece and Turkey. The United States remained largely absent during this period, but during the 1960s and 1970s came to play an increasingly assertive role whenever intercommunal fighting between the Greek and Turkish-Cypriot populations threatened to spill over into Greece and Turkey, and endanger the southeastern flank of NATO. -
TOWARD the REUNIFICATION of CYPRUS: DEFINING and INTEGRATING RECONCILIATION INTO the PEACE PROCESS Virginie Ladisch
110 Virginie Ladisch 6 TOWARD THE REUNIFICATION OF CYPRUS: DEFINING AND INTEGRATING RECONCILIATION INTO THE PEACE PROCESS Virginie Ladisch In the search for a solution to the “Cyprus problem,” the focus of debate has been on power sharing agreements, land exchanges, right of return, and economics. There has been little focus on reconciliation. This research, conducted one year after the ref- erendum in which Cypriots were given an historic opportunity to vote on the reunifi cation of the island, places the concept of reconciliation at the center of the debate about the Cyprus problem. Based on data gathered through forty interviews with Greek Cypriot and Turkish Cypriot politicians, businessmen, activists, academics, organizational leaders, economists, and members of civil society, this article presents Cypriots’ views on reconciliation. Drawing from literature on reconciliation in confl ict-divided societies as a framework, this article also analyzes the various perceptions Cypriots hold about reconciliation. Finally, this article identifi es initiatives that could be used to promote reconciliation in Cyprus. The process needs to begin immediately so that it can lay the groundwork for the open dialogue, trust building, and understanding that are essential to the successful settlement of the Cyprus problem.1 Virginie Ladisch is a Master in International Affairs candidate at the School of Inter- national and Public Affairs, Columbia University ([email protected]). 7 Toward the Reunifi cation of Cyprus: Defi ning and Integrating Reconciliation into the Peace Process 111 INTRODUCTION In the search for a solution to the “Cyprus problem,” the focus of debates and discussions has been on power sharing agreements, land exchanges, right of return, and economics, but there has been little to no focus on reconciliation. -
The Crux of the Cyprus Problem
PERCEPTIONS JOURNAL OF INTERNATIONAL AFFAIRS September - November 1999 Volume IV - Number 3 THE CRUX OF THE CYPRUS PROBLEM RAUF R. DENKTAŞ His Excellency Rauf R. Denktaş is President of the Turkish Republic of Northern Cyprus Anthony Nutting, who was the British Minister of State at the Foreign Office during the period 1954-56, wrote in his book I Saw for Myself his impression following talks with the leaders of Turkish Cypriots and Greek Cypriots: “There is nothing Cypriot about Cyprus except its name. In this beautiful beleaguered island you are either a Greek or a Turk. From the leaders of the two communities downwards the chasm of suspicion and hatred which separates them is frighteningly wide.”1 EOKA terrorism, which aimed to unite the island with Greece (enosis), was at its height and the Turkish Cypriots, who looked upon enosis as changing colonial masters for the worst, resisted it with every means at their disposal. Hence, the message passed on to all young Greek Cypriots was, “the struggle against the real enemy of our nation and religion, the remnants of the occupying power in Cyprus, will commence as soon as the fight for enosis comes to a successful conclusion”! Any Greek Cypriot who saw the futility and the danger of the drive for enosis, and thus supported independence as a more suitable solution, was regarded as a traitor to the national cause and murdered by EOKA (the Greek Cypriot terrorist organisation). In fact, everyone who opposed enosis was declared an enemy and lived under a constant threat. All Turkish Cypriots were against enosis! By 1957, inter-communal clashes assumed the character of a civil war. -
Political Accommodation in Cyprus and the Annan Plan Moore, Gavin
www.ssoar.info Federalism and the 'one-person one-vote principle': political accommodation in Cyprus and the Annan Plan Moore, Gavin Veröffentlichungsversion / Published Version Zeitschriftenartikel / journal article Empfohlene Zitierung / Suggested Citation: Moore, G. (2011). Federalism and the 'one-person one-vote principle': political accommodation in Cyprus and the Annan Plan. Federal Governance, 8(2), 29-41. https://nbn-resolving.org/urn:nbn:de:0168-ssoar-341437 Nutzungsbedingungen: Terms of use: Dieser Text wird unter einer Basic Digital Peer Publishing-Lizenz This document is made available under a Basic Digital Peer zur Verfügung gestellt. Nähere Auskünfte zu den DiPP-Lizenzen Publishing Licence. For more Information see: finden Sie hier: http://www.dipp.nrw.de/lizenzen/dppl/service/dppl/ http://www.dipp.nrw.de/lizenzen/dppl/service/dppl/ Special Issue on Federalism and Conflict Management edited by Neophytos Loizides, Iosif Kovras and Kathleen Ireton. FEDERALISM AND THE ‘ONE-PERSON ONE-VOTE PRINCIPLE’: POLITICAL ACCOMMODATION IN CYPRUS AND THE ANNAN PLAN by Gavin Moore Department of Political Science, Queens University Belfast, Ireland Email: [email protected] Abstract: The ‘one-person one-vote principle’ (OPOV) seems to be an intuitively appealing principle, one that is procedurally fair by ensuring equality in votes for all and contributes to the proper functioning of democratic states. Although commonly cited as a cornerstone of democracy, this article argues that OPOV can be a dangerous principle in societies divided by group conflict. Minorities face permanent exclusion, and thus cannot protect their own interests, leading to resentment and destabilization. Moreover, deviation from OPOV is not uncommon in political accommodation, especially in federal arrangements. -
Annual Report 2015-2016
ANNUAL REPORT 2015 - 2016 Annual Report 2015 - 2016 1 MESSAGE FROM THE DIRECTOR GENERAL 4 ECONOMIC ENVIRONMENT - The Cyprus Economy 7 - Major Εconomic Indicators 11 2 - Stock Market Developments 12 THE BANKING SECTOR - General Overview 15 - Banking Developments 16 3 - Financial Intermediation 18 - Bank Credit by Sector 19 - Credit and Debit Card Transactions 19 YEAR UNDER REVIEW - Recovery and Resolution of Credit Institutions 21 - Deposit Guarantee and Resolution of Credit Institutions Scheme 22 4 - Combatting Money Laundering and Terrorist Financing 23 - Auction spaces for the foreclosures of mortgaged real estate 25 - Implementation of the Common Reporting Standard in Cyprus 26 - Implementation of Intergovernmental Agreement of Cyprus – USA for FATCA 27 - Creation of a finance-facilitating Mechanism for SMEs that are provided grants through Schemes adopted by the Ministry of Energy Commerce, Industry and Tourism (MECIT) 27 - Electronic Payments 28 - Amendment of the Bank Account Switching Code 28 - New Legal Framework for Sale of Loans: The Sale of Credit Facilities and Related Matters Law of 2015 29 - IT Fraud-Cybercrime Committee 30 - New Department at the Association offering services on Human Resources and Training 31 - 54th, 55th, and 56th EBF-BCESA Meetings 31 - Financial Education – Cyprus pilots a new programme in primary schools 32 - Artemis Bank Information Systems Ltd 33 - ACB’s Training Activities 34 - Publications 35 THE ASSOCIATION - Background 37 5 - Our Mission 37 - Organizational Framework 38 - The Member Banks 39 - Association’s Events and Milestones in 2015 / 2016 42 3 1 Message from the Director General The year 2015 was marked by significant developments in the Cyprus bank- ing system as well as the economy.