Tag Archives | Bailout

The banks of Cyprus and the pursuit of integrity

20 March 2013 in Europe and Central Asia, European Union, Financial Markets

The bail out of the troubled banking sector in Cyprus has taken on serious political overtones as the crisis deepens. During the past few weeks Cyprus has been accused of failing to combat money laundering and fraud and that Russian oligarchs seek refuge for their money in this “tax haven” country. Now the strongest members […]

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Cyprus: a chance to strengthen its fight against money laundering

1 February 2013 in Europe and Central Asia, Financial Markets, Politics and government

The issue of whether or not to bail out the troubled banking sector in Cyprus has taken on serious political overtones as the crisis deepens. During the past few weeks Cyprus has been accused of failing to combat money laundering and fraud and that Russian oligarchs seek refuge for their money in this “tax haven” […]

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Greece: corruption and the crisis

6 June 2012 in Europe and Central Asia, European Union, Financial Markets, Measurement and Research, Politics and government, Private sector

Last month, Greeks went to the polls after two years of ceaseless crisis. After a vote that showed their frustration with the old regime and their desire for change, the question now should be how to tackle the rampant corruption that has driven a wedge between a people and their leaders. One answer is transparency. […]

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